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State Income Tax: Florida vs. Louisiana
Posted on 11/19/25 at 1:51 pm
Posted on 11/19/25 at 1:51 pm
If 4.5 million enough of a reason to choose Florida over LSU if the reported contract from both is 10 years at 15 million?
State Income Tax Comparison for $15 Million Annual Income (2025 Rates)Based on 2025 tax rules, Florida has no state income tax, so you'd pay $0 in state taxes each year, or $0 total over 10 years.Louisiana switched to a flat 3% state income tax rate on all taxable income starting January 1, 2025. For $15 million in annual income:Annual state tax: 3% × $15,000,000 = $450,000
Total over 10 years: $450,000 × 10 = $4,500,000
This assumes the full income is subject to state tax (e.g., no major deductions or credits factored in) and you're a resident of the state. Actual taxes could vary based on filing status, other income sources, or federal interactions—consult a tax professional for your specifics. These figures exclude federal income tax, which would be the same in both locations.
State Income Tax Comparison for $15 Million Annual Income (2025 Rates)Based on 2025 tax rules, Florida has no state income tax, so you'd pay $0 in state taxes each year, or $0 total over 10 years.Louisiana switched to a flat 3% state income tax rate on all taxable income starting January 1, 2025. For $15 million in annual income:Annual state tax: 3% × $15,000,000 = $450,000
Total over 10 years: $450,000 × 10 = $4,500,000
This assumes the full income is subject to state tax (e.g., no major deductions or credits factored in) and you're a resident of the state. Actual taxes could vary based on filing status, other income sources, or federal interactions—consult a tax professional for your specifics. These figures exclude federal income tax, which would be the same in both locations.
This post was edited on 11/19/25 at 1:54 pm
15
Posted on 11/19/25 at 1:53 pm to broadhead
He don’t care about the money he cares about the nil funding
Posted on 11/19/25 at 1:54 pm to broadhead
What about the land tax?
What about the cost of living?
What about the cost of living?
Posted on 11/19/25 at 1:55 pm to Islandboy777
Cost of living in Fla is very very high. Compared to Louisiana.
Posted on 11/19/25 at 1:56 pm to broadhead
Lane will make a decision based on where he wants to coach in hopes of winning a national championship. All of the rest is secondary.
Posted on 11/19/25 at 1:57 pm to broadhead
Now do property tax comparisons!
Posted on 11/19/25 at 2:00 pm to safetyman
Back in 2016 I rented a 2edroom apartment for 3200 month outside of Tampa
Posted on 11/19/25 at 2:14 pm to broadhead
Checkout property tax
Posted on 11/19/25 at 2:14 pm to broadhead
quote:
State Income Tax Comparison for $15 Million Annual Income (2025 Rates)Based on 2025 tax rules, Florida has no state income tax, so you'd pay $0 in state taxes each year, or $0 total over 10 years. Louisiana switched to a flat 3% state income tax rate on all taxable income starting January 1, 2025. For $15 million in annual income: Annual state tax: 3% × $15,000,000 = $450,000
Total over 10 years: $450,000 × 10 = $4,500,000
So increase his salary by 450K over what Florida offers him yearly.
Problem solved.
Posted on 11/19/25 at 2:15 pm to broadhead
When you got that kind of money there are always ways to play the tax game
Posted on 11/19/25 at 2:15 pm to broadhead
Now do property tax on Florida higher cost of homes.
Posted on 11/19/25 at 2:17 pm to broadhead
Don't forget he'll more than make up for that lost money in sponsorships from businesses like Canes
Posted on 11/19/25 at 2:18 pm to broadhead
I guarantee you that because of tax codes LSU will be paying more than Florida accordingly.
Posted on 11/19/25 at 2:19 pm to WhyAreWeHere
quote:
Now do property tax comparisons!
They aren’t that different
Posted on 11/19/25 at 2:32 pm to broadhead
Check out Florida’s property tax
Posted on 11/19/25 at 2:35 pm to Commander Rabb
quote:
Check out Florida’s property tax
Floridas property taxes (in Gainesville especially) are a lot less than the delta of Louisiana’s income tax and property taxes. And let’s not even start with sales tax and other excise taxes
At least the third idiot in this thread
Posted on 11/19/25 at 3:29 pm to broadhead
Let's just use a cost of living calculator to see how this plays out.
https://www.payscale.com/cost-of-living-calculator/Florida-Gainesville
>
Looks like if UF and LSU are offering the same amount, UF is actually offering less.
https://www.payscale.com/cost-of-living-calculator/Florida-Gainesville
> Looks like if UF and LSU are offering the same amount, UF is actually offering less.
Posted on 11/19/25 at 3:30 pm to broadhead
LSU will give incentive to offset this. They're not dumb.
Posted on 11/19/25 at 3:30 pm to broadhead
He would 100% be able to get out of his Louisiana income taxes just like every other millionaire here does
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