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Real Life Examples of LA Amendment 3
Posted by CubsFanBudMan on 11/7/16 at 11:08 am10
How many of you have calculated the impact if Amendment 3 passes? I did a calculation for the company I work for. Based on about 1.5M of Federal taxable income, there would be a 31% increase in state taxes if passed. Would love to hear if there are any examples of a decrease in tax under the proposal.
re: Real Life Examples of LA Amendment 3Posted by Ford Frenzy on 11/7/16 at 11:40 am to CubsFanBudMan
if that amendment gets passed, the voting is surely rigged
re: Real Life Examples of LA Amendment 3Posted by CubsFanBudMan on 11/7/16 at 11:45 am to Ford Frenzy
If you read the PAR guide, it sounds like it's revenue neutral. I'm looking for 1 example of a taxpayer that will pay lower taxes.
re: Real Life Examples of LA Amendment 3Posted by LSURussian on 11/7/16 at 1:07 pm to CubsFanBudMan
I'm voting no on all of the amendments except for the tuition amendment.
re: Real Life Examples of LA Amendment 3Posted by Cold Cous Cous on 11/7/16 at 1:43 pm to CubsFanBudMan
These amendments are uniformly awfully written. What percentage of voters will even be able to parse this:
Much less know what a registrar does.
quote:
Do you support an amendment to provide that the manner of appointment for the registrar of voters in each parish is as provided by law and to require the qualifications of the registrar to be provided by law?
Much less know what a registrar does.
re: Real Life Examples of LA Amendment 3Posted by boosiebadazz on 11/7/16 at 1:45 pm to Cold Cous Cous
#5 is the worst. I read it three times and still don't know what it said.
re: Real Life Examples of LA Amendment 3Posted by Coach Guidry on 11/7/16 at 4:18 pm to CubsFanBudMan
Did a rough estimate for us...increase would be somewhere in the upper 30's.
re: Real Life Examples of LA Amendment 3Posted by LSUFanHouston on 11/7/16 at 9:52 pm to CubsFanBudMan
You would have to have a significantly different federal taxable income from LA taxable income (like because of use of NOLs or certain deductions).
re: Real Life Examples of LA Amendment 3Posted by b-rab2 on 11/8/16 at 9:14 am to LSURussian
I voted no for the tuition amendment.. I was on the fence about it though.
re: Real Life Examples of LA Amendment 3Posted by LSUFanHouston on 11/8/16 at 9:55 am to boosiebadazz
quote:
#5 is the worst. I read it three times and still don't know what it said.
'
Number 5 creates a new constitutional dedication fund. Right now, mineral revenue over a certain amount goes into the rainy day fund. This amendment creates a lower amount, and the money that falls in between these two levels, would go into this new fund, which would be used to pay down the UAL and can be used for capital spending.
It also creates a threshold for corporate income tax revenue, and the amount over the level goes into the same fund.
If revenues were to be raised, it would force the state to save some of that money and/or pay down the UAL. However, it requires it to be spent in those ways. If there was a better way to spend the money, they would not be able to do so.
I generally favor giving the legislature more freedom over how to budget, as opposed to less.
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re: Real Life Examples of LA Amendment 3Posted by LSUFanHouston on 11/8/16 at 9:55 am to b-rab2
quote:
I voted no for the tuition amendment..
I'm curious what your reasoning was.
re: Real Life Examples of LA Amendment 3Posted by Tigerpaw123 on 11/8/16 at 9:59 am to LSUFanHouston
quote:
I'm curious what your reasoning was
not sure of his, but I want it as hard as possible to raise tution
re: Real Life Examples of LA Amendment 3Posted by Brummy on 11/8/16 at 10:44 am to CubsFanBudMan
Has anyone heard of any reason why this would be proposed as a constitutional amendment rather than a statute, other than the typical reason that the legislators don't want to risk taking a vote on anything? I'm not necessarily opposed to it in principle, but I really have a problem with setting the tax rate through a constitutional amendment.
re: Real Life Examples of LA Amendment 3Posted by LSUFanHouston on 11/8/16 at 11:19 am to Tigerpaw123
quote:
but I want it as hard as possible to raise tution
Why is that? We still have one of the lowest tuition rates in the country, and it's obvious that the state won't be kicking in any more budget money to higher ed.
If you gave schools freedom, some would raise it, some would not, and honestly, some might have to raise it, find they can't, and shut down, which would be a good thing.
Also, 47 other states don't have this restriction, and pretty much all of them have better colleges than we do.
This post was edited on 11/8 at 11:20 am
re: Real Life Examples of LA Amendment 3Posted by LSUFanHouston on 11/8/16 at 11:23 am to Brummy
quote:
Has anyone heard of any reason why this would be proposed as a constitutional amendment rather than a statute, other than the typical reason that the legislators don't want to risk taking a vote on anything? I'm not necessarily opposed to it in principle, but I really have a problem with setting the tax rate through a constitutional amendment.
Currently, the constitution allows the federal tax deduction. So the only way to remove it is to amend the constitution. See the actual language here LINK
However, the tax RATE is not and will not be part of the constitution... that will still be in the revised statues.
re: Real Life Examples of LA Amendment 3Posted by Brummy on 11/8/16 at 11:40 am to LSUFanHouston
quote:
However, the tax RATE is not and will not be part of the constitution... that will still be in the revised statues.
Well, maybe I misunderstood it then. Where is the 6.5% referenced in the PAR report coming from?
re: Real Life Examples of LA Amendment 3Posted by LSUFanHouston on 11/8/16 at 11:58 am to Brummy
quote:
Well, maybe I misunderstood it then. Where is the 6.5% referenced in the PAR report coming from?
It's confusing as hell, but Act 8 of the First 2016 Special amended the RS to put in the flat rate, however, that Act had a trigger in it that the Act 8 only becomes operative if the related amendment (Act 31) to the constitution passes.
ETA: Here is Act 8 LINK
This post was edited on 11/8 at 12:00 pm
re: Real Life Examples of LA Amendment 3Posted by kengel2 on 11/8/16 at 12:26 pm to Tigerpaw123
quote:
but I want it as hard as possible to raise tution
Honestly, Id rather raise tuition and get rid of some of the worthless degress that cost a fortune and have no return.
Put some of these people in some tech schools or vocational training. They could make way more money and be a more productive member of society as a plumber or electrician than they would as an english major.
re: Real Life Examples of LA Amendment 3Posted by LSU316 on 11/8/16 at 12:59 pm to LSUFanHouston
quote:
Why is that?
Simple...incompetent leadership at LA Universities.
re: Real Life Examples of LA Amendment 3Posted by KLSU on 11/8/16 at 2:31 pm to CubsFanBudMan
I voted No for all the amendments.
I also vote No for every Brec or Public transportation amendment even if for renewal. It usually passes anyway but not because of my vote.
BREC gets WAY to much money now for what we get as a community and no reason for me to fund a public transportation system I never use. Let it fund itself and if it can't then so be it.
I also vote No for every Brec or Public transportation amendment even if for renewal. It usually passes anyway but not because of my vote.
BREC gets WAY to much money now for what we get as a community and no reason for me to fund a public transportation system I never use. Let it fund itself and if it can't then so be it.
This post was edited on 11/8 at 2:32 pm
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