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

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putting a series of complicated rules dealing with pass-through to individual.

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This could be done with a simple LA Schedule E deduction. Might need to add a one page schedule where the individual taxpayer identifies the businesses and the LA revenue ID numbers.

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Right now I have heard that the business would pay the margin/gross receipt tax and partners and individuals could take a deduction (not credit) on their individual income tax.

That could double tax some people. Again have to wait and see the details.

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Yeah that ain't gonna fly... that would put small businesses / passthroughs as paying significantly more in tax than large corporations.