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Started By
Message
re: Louisiana raises state taxes in response to Federal tax law change
Posted on 2/16/18 at 7:59 am to toosleaux
Posted on 2/16/18 at 7:59 am to toosleaux
That’s criminal.
I, too, am angry for you.
There’s always room next door.
Unlike Californians, y’all are welcome.
Tax bill to benefit Houston in unexpected ways - Houston Chronicle
I, too, am angry for you.
There’s always room next door.
Unlike Californians, y’all are welcome.
Tax bill to benefit Houston in unexpected ways - Houston Chronicle
quote:
The next major boost for Houston's economy comes compliments of the recently passed tax bill, says Regina Mayor, who leads consulting giant KPMG's global and U.S. energy practice.
It's going to have a positive impact. You'll see money being repatriated. Companies that had pursued inversion strategies in the past are actively looking at how to pull many of their activities back to Houston. We'll see many jobs returning. We'll see people having more free cash as their taxes go down. I think we'll see companies being more generous with bonuses and increases, to share some of the benefits with employees.
0
Posted on 2/16/18 at 7:59 am to toosleaux
I was on a quick trip to visit our Houston office earlier this week, and my boss was giving me the hard sell to move there. shite like this makes my choice a lot easier.
Posted on 2/16/18 at 8:07 am to toosleaux
Why in the hell would anyone pay a state income tax to live in Louisiana? Seriously.
Posted on 2/16/18 at 8:08 am to toosleaux
It's a statistical quirk.
The State of La. gives a taxpayer a deduction depending on how much you pay in federal income tax.
Consequently a taxpayer making the same amount of money will pay slightly more in La. Income tax if he sees a federal tax cut.
It's been discussed before and it will help balance the La. Budget.
The State of La. gives a taxpayer a deduction depending on how much you pay in federal income tax.
Consequently a taxpayer making the same amount of money will pay slightly more in La. Income tax if he sees a federal tax cut.
It's been discussed before and it will help balance the La. Budget.
Posted on 2/16/18 at 8:10 am to toosleaux
And some of you baws laugh at Texas.
Posted on 2/16/18 at 8:17 am to toosleaux
Sounds like a great impetus to call for a state constitutional convention.
Posted on 2/16/18 at 8:20 am to toosleaux
Unbelievable if true.
Posted on 2/16/18 at 8:21 am to toosleaux
quote:Nah, not really. It's the same tax law it's been for years.
Louisiana raises state taxes in response to Federal tax law change
Posted on 2/16/18 at 8:43 am to toosleaux
quote:
According to the Louisiana Constitution, when federal taxes go down, state income taxes automatically go up
Sounds to me like the state constitution needs amending.
Posted on 2/16/18 at 8:46 am to toosleaux
quote:Trump giveth, and JB Edwards taketh away.
Louisiana raises state taxes in response to Federal tax law change
Posted on 2/16/18 at 8:48 am to toosleaux
Y'all voted for it... enjoy it. 
Posted on 2/16/18 at 8:55 am to toosleaux
quote:
According to the Louisiana Constitution
There is the problem
Posted on 2/16/18 at 9:31 am to toosleaux
Thank God I live in Texas. I love Louisiana, but it is becoming an absolute shithole.
Posted on 2/16/18 at 9:32 am to toosleaux
quote:
According to the Louisiana Constitution, when federal taxes go down, state income taxes automatically go up.
Who in the actual frick thought it a good idea to put this in your state constitution?!?
This post was edited on 2/16/18 at 9:33 am
Posted on 2/16/18 at 9:50 am to toosleaux
I’m not reading through 4 pages but the state didn’t do shite. You’re able to deduct federal taxes paid in Louisiana. So since you’re paying less in federal taxes, your liability to the state goes up.
Can’t stand JBE or the inept legislature. But they didn’t do anything here.
Can’t stand JBE or the inept legislature. But they didn’t do anything here.
Posted on 2/16/18 at 9:53 am to toosleaux
quote:
Louisiana raises state taxes
This is shitty reporting. Lawmakers have to meet and vote on a bill if they're going to raise taxes.
Here's all that's probably happening here: LA has a deduction for fed income taxes paid. Due to TCJA, less fed income taxes will be paid, so state deductions will be smaller, and like 6% of the gains will go to the state automatically by the end of the tax year. The withholding tables I guess just make that happen faster.
Posted on 2/16/18 at 10:28 am to toosleaux
Property Tax High
Sales Taxes High
State Income Tax High
Frick this state
Sales Taxes High
State Income Tax High
Frick this state
Posted on 2/16/18 at 10:58 am to toosleaux
I will not move back unless things change. I have told my kids to run.
Posted on 2/16/18 at 8:50 pm to toosleaux
Withholding is not tax. Y’all do know that, right?
Posted on 2/16/18 at 9:01 pm to toosleaux
This post and thread are a great microcosm of how biased idiots get outraged before doing even the slightest research or backchecking.
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