re: Why Louisiana Stays Poor

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The big takeaway for me though was the per capita corporate subsidies comparison to other states.

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Here is what they are missing. Most states have a low tax rate and wide base and few "subsidies". LA is different.

Let's say a companies makes $50,000.

One state will tax that at 4 percent, so the tax is $2,000.

LA will tax them at 6 percent, so the tax is $3,000, but then we give them a tax credit of $1,000. Total tax is $2,000.

Yet, these idiot Dems, who don't know how finances actually work, will yell and piss and moan about how many tax subsidies we give businesses.

I think our LA business tax system is horribly screwed up and is so confusing, that it causes a lot of businesses to stay away.

Think of it another way. If we were giving away that much in subsidies to businesses, and it was really helping the business, we would have 300 Fortune 500 companies located in the state.