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La. state income taxes go up in response to new federal tax law

Posted on 2/16/18 at 10:51 am
Posted by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
83360 posts
Posted on 2/16/18 at 10:51 am
quote:

Hopefully, you had a chance to enjoy that recent boost in your paycheck because it could be over already.

The Louisiana Department of Revenue reported Thursday that it has updated the state’s income tax withholding tables to compensate for changes in the federal tax law passed last year, meaning the state will take more tax money out of your check.

According to the Louisiana Constitution, when federal taxes go down, state income taxes automatically go up.

Officials with LDR said they have issued an emergency rule to make sure employers are withholding the right amount of state income taxes from their workers’ paychecks.

The updated withholdings took effect Friday.



LINK


Louisiana gonna Louisiana
Posted by TH03
Mogadishu
Member since Dec 2008
171036 posts
Posted on 2/16/18 at 10:52 am to
No one saw this coming.
Posted by TigersHuskers
Nebraska
Member since Oct 2014
11310 posts
Posted on 2/16/18 at 10:53 am to
Lol. The south is such a festering pile of shite region
Posted by TechDawg2007
Bawville
Member since Nov 2007
32249 posts
Posted on 2/16/18 at 10:53 am to
That’s another reason I love living in Tennessee!! No state income tax
Posted by Commandeaux
Zachary
Member since Jul 2009
7281 posts
Posted on 2/16/18 at 10:54 am to
I've seen higher taxes in the...nevermind.
Posted by brucevilanch
Fort Worth, Tejas
Member since May 2011
24333 posts
Posted on 2/16/18 at 10:55 am to
You guys are fricked. Good thing most of Louisiana is too poor, fat and unemployed to care.
Posted by Fonzarelli
Dallas
Member since Jan 2015
3972 posts
Posted on 2/16/18 at 10:56 am to
Louisiana paving yet another pass to success
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
78497 posts
Posted on 2/16/18 at 10:56 am to
We are not a festering pile of shite region.
We are a hot pile of shite region.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48473 posts
Posted on 2/16/18 at 10:57 am to
Damn my last check was like $88 more too
Posted by MamouTiger65
Baton Rouge, La
Member since Oct 2007
794 posts
Posted on 2/16/18 at 10:58 am to
We still pay the same 2%, 4% and 6% as we did before.

Since federal taxes have gone down, that lowers the amount we deduct from State Taxes. This adjusts your withholdings to cover that additional amount.

So for every hundred dollars extra you started taking home, this will reduce it by $2-$6.

This post was edited on 2/16/18 at 10:59 am
Posted by Breesus
House of the Rising Sun
Member since Jan 2010
66982 posts
Posted on 2/16/18 at 10:58 am to
This will surely help drive in New businesses, help small businesses and keep the best and brightest here in the state!

frick these politicians.
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 2/16/18 at 11:00 am to
Is there any way I can find out who we’re the “yays” and “nays” on this?
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 2/16/18 at 11:00 am to
How the frick did that get into your constitution?
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37080 posts
Posted on 2/16/18 at 11:01 am to
We knew this was coming... but this increase is minor in comparison to the benefits you are getting from the federal reduction.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36013 posts
Posted on 2/16/18 at 11:01 am to
quote:

No one saw this coming.


Sure you did if you knew anything about La. taxes.

Louisiana gives you a full deduction for all federal income taxes that you pay; consequently, the higher federal tax you pay in the bigger the deduction.

Thanks to Donald Trump, we are all getting taxed less, but in La. that means you have a smaller deduction; thus you will pay slightly more.

It's the reverse of someone paying more in property taxes due to a new millage. The more local property taxes you pay the bigger your federal deduction is; thus your federal tax goes does despite the local tax going up.

It makes sense.
Posted by Oilfieldbiology
Member since Nov 2016
37490 posts
Posted on 2/16/18 at 11:02 am to
It’s in the constitution
Posted by TigersSEC2010
Warren, Michigan
Member since Jan 2010
37359 posts
Posted on 2/16/18 at 11:04 am to
There is absolutely nothing redeeming about Louisiana. frick that shithole.
Posted by X123F45
Member since Apr 2015
27378 posts
Posted on 2/16/18 at 11:04 am to
I find it more funny that so many of you are too stupid to understand why.

Posted by member12
Bob's Country Bunker
Member since May 2008
32095 posts
Posted on 2/16/18 at 11:06 am to
So you take home only $112 more per pay period instead of $120
Posted by Fa Sheaux Breaux
Baton Rouge
Member since Feb 2018
530 posts
Posted on 2/16/18 at 11:08 am to
JBE and the rest of you idiots who went along with this.
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