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re: Gov. John Bel Edwards wants big changes in how LA biz, individuals taxed
Posted on 3/17/17 at 12:56 pm to doubleb
Posted on 3/17/17 at 12:56 pm to doubleb
quote:
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.
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.
2
Posted on 3/17/17 at 1:04 pm to cahoots
You are all wrong.
If they raise taxes on businesses we will all pay. Who do you think are the consumers? We are.
Then you keep mentioning property taxes, and the homestead exemption even though the state does not collect any property taxes,
Plus you are the one that brought up Texas and their tax code. You can't tell me that we need to be like Texas and institute a consumption tax, but say we don't need to be like Texas and not have an income tax, and calm that conservative.
I realize the money for state services has to come from somewhere, and that somewhere has been my pocket. And to repeatedly come here and say we need more tax revenue each year while we hardly cut spending is not going to fly with me.
If they raise taxes on businesses we will all pay. Who do you think are the consumers? We are.
Then you keep mentioning property taxes, and the homestead exemption even though the state does not collect any property taxes,
Plus you are the one that brought up Texas and their tax code. You can't tell me that we need to be like Texas and institute a consumption tax, but say we don't need to be like Texas and not have an income tax, and calm that conservative.
I realize the money for state services has to come from somewhere, and that somewhere has been my pocket. And to repeatedly come here and say we need more tax revenue each year while we hardly cut spending is not going to fly with me.
Posted on 3/17/17 at 1:11 pm to cahoots
quote:
give up homestead exemption and potentially pay more property taxes
You are touching the third rail of Louisiana politics....and threatening the Assessors employment security.
People in Louisiana will pay 10% sales tax for their food, higher auto insurance rates and will suffer with an average state income tax rate of about 3% ( based on a median income of 40K for single filers....ranks about 40th in the country)....but they will not pay more for property taxes....even when those property taxes would generally be used close to home for the fire, police and schools.
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