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re: Neil Riser's Bill Eliminates Personal Income Tax in LA
Posted on 4/3/24 at 11:32 am to Commandeaux
Posted on 4/3/24 at 11:32 am to Commandeaux
quote:
plus increased property taxes due to no income tax
This is how Texas gets away with it and yet people think it’s such a big difference not paying state income tax. The states gonna get their money one way or another
8
Posted on 4/3/24 at 11:37 am to turnpiketiger
quote:But Texas also has public schools that your kids can go to.
This is how Texas gets away with it
Would we get that too?
Posted on 4/3/24 at 11:38 am to turnpiketiger
quote:
This is how Texas gets away with it and yet people think it’s such a big difference not paying state income tax.
Yeah, lets not emulate Texas because Louisiana is kicking butt while Texas is last in everything.
Posted on 4/3/24 at 11:52 am to turnpiketiger
quote:
This is how Texas gets away with it and yet people think it’s such a big difference not paying state income tax. The states gonna get their money one way or another
It is a huge difference for a lot of people.
My tax liability to louisiana is like 15k higher than it is to Texas for same value house.
Posted on 4/3/24 at 1:52 pm to turnpiketiger
quote:
This is how Texas gets away with it and yet people think it’s such a big difference not paying state income tax. The states gonna get their money one way or another
Having moved to Houston from Louisiana, I finally got to see it first hand. We are in a pretty great location 15 minutes from Downtown, but you pay for that privilege. Our house is comparable in size to what we had in Baton Rouge. Property tax in Baton Rouge last paid was around $2k where as it's $7500 here. And while some suburbs can offer you a "cheaper" property tax, it's not usually a huge difference and you are way away from the city. For the average baw, you basically break even with no state income tax because of the higher property tax.
Posted on 4/3/24 at 7:45 pm to turnpiketiger
quote:
This is how Texas gets away with it and yet people think it’s such a big difference not paying state income tax. The states gonna get their money one way or another
LSU Grad…I’d rather live in Texas.
Posted on 4/4/24 at 12:20 pm to turnpiketiger
quote:
This is how Texas gets away with it and yet people think it’s such a big difference not paying state income tax. The states gonna get their money one way or another
Whatever…
I owned 3 houses in Texas (not at the same time). I got a lot of house for my money and the property taxes were never that bad.
Posted on 4/6/24 at 2:40 pm to turnpiketiger
quote:
This is how Texas gets away with it and yet people think it’s such a big difference not paying state income tax. The states gonna get their money one way or another
That’s just it: it doesn’t.
The biggest difference is that property taxes keeps most of the money local, as opposed to going into a big pot that gets wasted on pork, pet projects, and catering for committees before ever going back to the communities they came from. Most of the state budget comes from sales taxes.
Per capita, Texas’s state budget is smaller than LA, and has vastly superior services and resources.
Posted on 4/6/24 at 3:56 pm to turnpiketiger
quote:
This is how Texas gets away with it and yet people think it’s such a big difference not paying state income tax.
It is, for us we would pay double what we do now if there was an income tax in Texas.
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