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

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The GRT would be somewhere between 0.25% and 1%. Some companies would pay more than they currently do, some companies would pay less. It's a broad tax base with low rates rather than a narrow tax base with higher rates. Overall, corporate collections could be up or down depending on the percentage.

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Say the tax is 1%. Say the grocery store you frequent has to pay 1% of their revenues after 150K. Do you think that 1% will come from their profits, or will that 1% be added to the cost of doing business and then passed on to their consumers (you)? I think they'll pass the cost on to you. It will be like a hidden sales tax.

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Yes, I'm aware that it's a local tax and not a state tax. I'm just saying that the taxes to fund shite has to come from somewhere

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The OP started a thread about state taxes. The discussion is how do we pay for state services, and after one large tax increase do we want another or do we want the state to cut the budget. Property taxes play no role in that.

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I support having zero personal income taxes, too. I'm not being inconsistent here. I'm just saying that the proposed changes to the corporate tax structure bring us closer to business-friendly Texas's corporate tax structure

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Adding a tax that Texas has, to raise revenue and not cutting out taxes doesn't compute. If you want to mimic Texas, that's fine by me; however, don't tell me we are mimicking Texas and just adding one of their taxes.

As for being business friendly, how does adding a new tax that businesses will have to collect for the state attract new businesses? Maybe a C Corp would prefer this method, but how about all the partnerships, S Corps, and privately owned businesses that just pay taxes on their ordinary income? How will it help them? It won't.

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I'm sure you will argue with me on this, but the overall tax burden in Louisiana isn't that bad. We just have shitty government with a lot of fat that needs to be cut. Cutting money from the government does not always remove fat. It removes muscle too. We need to address budget restrictions, torts, etc. more than anything else.

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The overall burden isn't bad, but the government spending is. Per capita, I believe La. spends a lot of money that other states do not spend. It's complicated I know, but La. isn't a rich state. As a whole our state is relatively poor. We shouldn't pay as much in taxes as a tax payer of a prosperous state does because as a people, we don't have the money.

Now our politicians don't believe that, they believe they need our money but the truth is they take too much of it and spend it on the friends and not on basic services.