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

quote:

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Please tell me that we are changing to the Texas plan where they pay a consumption tax and no income taxes but unfortunately that's not the case.

We will continue to pay 6% on our state income tax plus the impact these taxes will have.

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This tax plan is addressing business taxes and consumption taxes, not personal income taxes. In those two categories it brings us closer to Texas.

I would support zero personal income taxes but we'd have to give up homestead exemption and potentially pay more property taxes. The money has to come from somewhere.