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Posted on 2/16/18 at 7:40 am to Y.A. Tittle
i can't tell if the taxation levels or withholding levels changed
Posted on 2/16/18 at 7:41 am to teke184
Ah. Makes sense.
And, it should therefore only be a small part of the net change.
Ex:
If your net pay increase is 200. It may be 185 now. Or something like that.
And, it should therefore only be a small part of the net change.
Ex:
If your net pay increase is 200. It may be 185 now. Or something like that.
Posted on 2/16/18 at 7:42 am to toosleaux
I you need proof that not all Republicans in office are Conservative, look no further than Louisiana.
#getthatR
#getelected
#corruptasfrick
#getthatR
#getelected
#corruptasfrick
Posted on 2/16/18 at 7:43 am to SlowFlowPro
What do they mean by "to compensate for changes in federal tax law"? What does that have to do with STATE withholding?
Posted on 2/16/18 at 7:46 am to toosleaux
I'm growing to hate LA more and more. I truly need to get out of this state.
Posted on 2/16/18 at 7:49 am to Y.A. Tittle
I think it means that since LA doesn't tax you on money that the federal government takes as income tax, that there will be more money taxable by the state following a federal cut. Therefore if your federal taxes drop by $2,000, LA can now tax it at its usual state tax rate. Naturally that would require withholdings to increase.
This post was edited on 2/16/18 at 7:52 am
Posted on 2/16/18 at 7:51 am to toosleaux
I am 100% certain I'll never move back to Louisiana. What a shite show.
Posted on 2/16/18 at 7:51 am to Y.A. Tittle
quote:
What do they mean by "to compensate for changes in federal tax law"? What does that have to do with STATE withholding?
They can't have their state residents with too much money. Might upset the balance of power.
Posted on 2/16/18 at 7:52 am to Jake88
Thanks for the cogent explanation.
While that doesn't seem hugely significant, it's still chickenshit.
While that doesn't seem hugely significant, it's still chickenshit.
Posted on 2/16/18 at 7:53 am to Y.A. Tittle
It is sorta crappy, but at least you're not taxed on the dollars the Federal govt takes from you.
Posted on 2/16/18 at 7:55 am to BlackHelicopterPilot
quote:
I’m just wondering if the actual taxes owed is increased
Yes. Yes, they are.
You may recall New York being all upset over the Trump tax cuts because their state income taxes would go up. Well, guess what? The same thing is going to happen in Louisiana! Probably not as bad as NY, it’s all dependent on the rates.
Not sure why it wasn’t more widely expected. But oh well. I’m expecting we’ll still come away with more money. At worst, it’ll be a wash. But hey, at least Louisiana will have more money to pay troopers overtime.
Posted on 2/16/18 at 7:56 am to toosleaux
I have a great idea, let's get rid of the income tax at the state and national levels.
Posted on 2/16/18 at 7:56 am to toosleaux
So glad I escaped the mess of the state
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.
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 8:06 am to TDFreak
It won't come close to being a wash. At worst it'll be 6% of your federal savings. NY state was pissed for other reasons, namely that it's people could no longer deduct their full state income tax liability from their federal taxes.
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 Dead End
Nah man. Screw you.
And work on your reading comprehension. This is the state constitution not JBE
And work on your reading comprehension. This is the state constitution not JBE
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