re: Gov. John Bel Edwards wants big changes in how LA biz, individuals taxed

quote:

---

That should kill any hope of developing a hi-tech start up industry in Louisiana.

Those types of companies don't make a profit for years so taxing their sales will discourage them from establishing their business here.

---

This proposed tax system is exactly how's it's done in Texas, which has a decent start-up scene. If I'm not mistaken, the first $150,000 of gross receipts are exempt.

I thought y'all wanted our corporate tax to be like Texas? Is that not true any more?