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re: Mexican standoff in the La. legislature.

Posted on 6/22/18 at 9:59 am to
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 6/22/18 at 9:59 am to
quote:

1/3 gives the state the exact same amount of tax revenue as last year

what?
Posted by Tiger Prawn
Member since Dec 2016
21968 posts
Posted on 6/22/18 at 10:20 am to
quote:

quote:

quote:
1/3 gives the state the exact same amount of tax revenue as last year


what?


We don't need the full cent sales tax this year to have same amount of state tax revenue as last year because we have more money coming in from other sources this year. Oil prices are up from last year. Plus Trump federal tax cut results in higher state income taxes since Louisiana's state income tax is based on your income after federal taxes are deducted. Less federal taxes taken out of your check = higher net income for LA's state income tax to be based on.
This post was edited on 6/22/18 at 10:20 am
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