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Started By
Message
Special Session: Black Caucus issues an ultimatum to increase income tax
Posted on 2/26/18 at 11:53 am
Posted on 2/26/18 at 11:53 am
From Nancy Landry's Twitter
Notes on the bill
As of now, the state income tax bracket is:
2% - First $12,500
4% - Next $37,500 (up to $50,000)
6% - Earnings beyond $50,000
The proposed tax bracket would look like:
2% - First $12,500
4% - Next $12,500 (up to $25,000)
6% - Earnings beyond $25,000
Bracket ranges are doubled for joint filers.
ETA: Please take five minutes to read about tax brackets before commenting something stupid. This affects EVERYONE earning more than $25,000 a year.
quote:
Special session update: the black caucus has issued an ultimatum to increase income tax by compressing tax brackets or they won’t vote for any bill. In other words, they are blowing everything up. #lalege
Notes on the bill
As of now, the state income tax bracket is:
2% - First $12,500
4% - Next $37,500 (up to $50,000)
6% - Earnings beyond $50,000
The proposed tax bracket would look like:
2% - First $12,500
4% - Next $12,500 (up to $25,000)
6% - Earnings beyond $25,000
Bracket ranges are doubled for joint filers.
ETA: Please take five minutes to read about tax brackets before commenting something stupid. This affects EVERYONE earning more than $25,000 a year.
This post was edited on 2/26/18 at 12:17 pm
Posted on 2/26/18 at 11:55 am to Harry Caray
That just hurts poor people more..
Posted on 2/26/18 at 11:56 am to Harry Caray
quote:
As of now, the state income tax bracket is:
2% - First $12,500
4% - Next $37,500 (up to $50,000)
6% - Earnings beyond $50,000
The proposed tax bracket would look like:
2% - First $12,500
4% - Next $12,500 (up to $25,000)
6% - Earnings beyond $25,000
Bracket ranges are doubled for joint filers.
Because frick those rich assholes and their $30k/yr salaries!111
#FightThaPowah
#StruggleBeRealYo
#Hashtag
This post was edited on 2/26/18 at 11:57 am
Posted on 2/26/18 at 11:56 am to Harry Caray
Sweet, nothing will get done .
Posted on 2/26/18 at 11:56 am to ReauxlTide222
But it helps their constituency which doesnt work
Posted on 2/26/18 at 11:57 am to Harry Caray
They upset about that zoo.
Posted on 2/26/18 at 11:57 am to ReauxlTide222
quote:
That just hurts poor people more..
Everybody understands this except the economy challenge.....like
quote:
Black Caucus
Posted on 2/26/18 at 11:57 am to Harry Caray
quote:
Black Cauc
No thanks
Posted on 2/26/18 at 11:57 am to ReauxlTide222
quote:
That just hurts poor people more
Only the ones who even bother a low paying job.
Posted on 2/26/18 at 11:58 am to Harry Caray
I thought we were trying to get rid of state income tax like Texas and Florida.
Posted on 2/26/18 at 11:58 am to Harry Caray
Democrats love them some taxes. A flat tax or fair tax is all I support
Posted on 2/26/18 at 11:58 am to Harry Caray
quote:
The proposed tax bracket would look like:
2% - First $12,500
4% - Next $12,500 (up to $25,000)
6% - Earnings beyond $25,000
The Black Caucus has discovered how to increase tax revenues by hundreds, if not a couple thousand, dollars.
Posted on 2/26/18 at 11:59 am to Harry Caray
So those that make more than 50k are not impacted?
Posted on 2/26/18 at 11:59 am to Harry Caray
What reasons are there to stay in this state, again?
Posted on 2/26/18 at 11:59 am to Harry Caray
The Black caucus is such a fricking joke
Posted on 2/26/18 at 11:59 am to Harry Caray
I was being dumb... never mind...
ETA: But I still had more upvotes... guess I'm not the only one...
ETA: But I still had more upvotes... guess I'm not the only one...
This post was edited on 2/26/18 at 12:23 pm
Posted on 2/26/18 at 12:01 pm to Harry Caray
I’d actually be fine if they widened those parameters and added an 8% at some very high rate like over $250k for single and $500k for couples, although I’d be a bigger fan of no income tax at all.
This just goes to show they don’t actually care about he little guy and will only push more people into state and federal government dependence.
This just goes to show they don’t actually care about he little guy and will only push more people into state and federal government dependence.
Posted on 2/26/18 at 12:01 pm to LSUBoo
quote:I know math can be hard. Try again.
So... they essentially want to raise taxes on people making between $25K and $50K?
Okay?
Posted on 2/26/18 at 12:01 pm to rondo
quote:
So those that make more than 50k are not impacted?
You’d be impacted at the lower levels.
Posted on 2/26/18 at 12:02 pm to Harry Caray
That’s exactly what it says. Where is he wrong?
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