- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
LA sales tax could rise to 7 percent to eliminate income taxes
Posted on 1/10/13 at 9:43 am
Posted on 1/10/13 at 9:43 am
Posted on 1/10/13 at 9:58 am to BayouNation
And no mention of a potential effect on property taxes. Interesting.
TX has no inc tax, but state sales tax is 6.25% and property taxes are much higher than LA.
I know LA has hung its hat on low prop taxes so I wonder if the rise to 7% would be enough to eliminate inc tax and keep prop taxes low.
But as a TX resident with plans to move back home eventually, I would totally be for it.
TX has no inc tax, but state sales tax is 6.25% and property taxes are much higher than LA.
I know LA has hung its hat on low prop taxes so I wonder if the rise to 7% would be enough to eliminate inc tax and keep prop taxes low.
But as a TX resident with plans to move back home eventually, I would totally be for it.
Posted on 1/10/13 at 10:08 am to BayouNation
Sales tax in EBR would be like 12.25% or so. I'd take that all day over state income tax though.
Posted on 1/10/13 at 10:13 am to BayouNation
Would love it. Also would still be in favor if property taxes went up to compensate as well.
As least you can choose how and when to pay these taxes.
As least you can choose how and when to pay these taxes.
Posted on 1/10/13 at 10:15 am to BayouNation
If Jindal gets this passed he will be the greatest Gov this state has ever seen.
Posted on 1/10/13 at 10:45 am to BayouNation
I live in Chesapeake, Va and the Tax man rapes me in every hole. State income tax, sales tax, City tax, dining tax, tourism tax, and some of the highest property taxes in the US. Can't wait to get out of here.
Posted on 1/10/13 at 10:50 am to BayouNation
I would take an additional 3% State sales tax to swap out the state income tax in a heart beat.
keep the same waiver on food and medicine.
i paid $1500+ in state taxes on my pay stub last year, i would have to spend $50,000 (every year) to rack up $1500 with the additional 3% sales tax.....
keep the same waiver on food and medicine.
i paid $1500+ in state taxes on my pay stub last year, i would have to spend $50,000 (every year) to rack up $1500 with the additional 3% sales tax.....
Posted on 1/10/13 at 2:57 pm to BayouNation
As much as I love paying jack shite for property taxes, I support this.
Posted on 1/10/13 at 6:05 pm to BayouNation
FL is 6.5% and extremely high property taxes.
Posted on 1/10/13 at 6:56 pm to BayouNation
I would be for this.
At some point, the Amazon loop hole will be closed though.
At some point, the Amazon loop hole will be closed though.
Posted on 1/10/13 at 11:25 pm to BayouNation
For states that have changed to no state income tax, are there any stories of companies getting bold and lowering their pay scales? The only reason I ask is because I wouldn't put it past my employer to do something like that.
Posted on 1/11/13 at 7:47 pm to BayouNation
It is certainly a topic worth debating. You have to wonder what would happen if we did eliminate the income tax and simply relied on sales tax. If we run into another economic turndown, La would be in quite the pickle. In a way, we would be handcuffing the state's wellbeing to the health of the national economy. We would likely see an increase in property taxes to curb the risk.
This post was edited on 1/11/13 at 7:48 pm
Posted on 1/12/13 at 8:00 am to BayouNation
I'm pretty sure sales tax in Arkansas is north of 9% and we have income tax of 7%.
Popular
Back to top
Follow TigerDroppings for LSU Football News