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Started By
Message
re: Neil Riser's Bill Eliminates Personal Income Tax in LA
Posted on 4/3/24 at 6:26 pm to broadhead
Posted on 4/3/24 at 6:26 pm to broadhead
quote:
Louisiana is educating other states workforce through tops. I say that if you graduate from a Louisiana college with tops then move out of state you have to pay it back
To make this work, though, we have to actually have jobs for our graduates.
I'm more concerned with the people who go to college for 2 or 3 semesters then drop out, because they never should have gone to college in the first place. If you raise the standards, you might have a lot less of that.
1
Posted on 4/3/24 at 6:28 pm to F1y0n7h3W4LL
quote:
If you're making in excess of a couple of hundred thousand a year, this sounds great.
But if Grandma is living off a pension and/or social security, her property tax, vehicle permits, handicap tag, and sales tax will hurt her.
So what would rather here?
Young people who have great jobs, raise kids here, and contribute to our economy, or
Retired folks who are just living life and not really contributing anything to society.
On the other hand... how do you explain Florida? No income tax, tons of old people.
Posted on 4/3/24 at 7:25 pm to Areddishfish
Where is this? 420K property is right under 12K in property taxes in the Katy area.
Posted on 4/3/24 at 7:42 pm to doubleb
quote:
Some stats from FY 2022: Income tax collections 4.55) Billion 29.2% Sales tax collections 4.970 Billikn 31.8% It’s about the same. So if you replaced the income tax with state sales tax the state sales tax rate would be doubled (roughly). About 9%. Of course you would also pay the local sales taxes. In EBR the total would be 14.95% As for property tax, the state doesn’t have one.
A few things that can make a big difference which vary substantially by state, eliminate or reduce homestead exemptions. Also in states like TN casual sales of vehicles and boats are not exempt from sales/use tax which increases collections without raising rates.
It’s much less annoying to pay high property taxes too when services are top notch. Great schools, decent roads, good fire and police are common in TX and TN especially in suburban areas. TN also caps the local taxes on single items to $80 so you’re only paying 7% plus $80 on a car or boat not 9% or more on the full amount.
Posted on 4/3/24 at 7:45 pm to turnpiketiger
quote:
This is how Texas gets away with it and yet people think it’s such a big difference not paying state income tax. The states gonna get their money one way or another
LSU Grad…I’d rather live in Texas.
Posted on 4/3/24 at 7:51 pm to Cosmo
quote:
Sales taxes force everybody to pay their fair share
Not if folks don't buy anything...
Posted on 4/3/24 at 7:53 pm to Areddishfish
quote:
Having moved to Houston from Louisiana, I finally got to see it first hand. We are in a pretty great location 15 minutes from Downtown, but you pay for that privilege. Our house is comparable in size to what we had in Baton Rouge. Property tax in Baton Rouge last paid was around $2k where as it's $7500 here. And while some suburbs can offer you a "cheaper" property tax, it's not usually a huge difference and you are way away from the city. For the average baw, you basically break even with no state income tax because of the higher property tax.
$7500? I paid that 8 years ago in Katy. Mine is $14,000 a year now. It still comes out cheaper than paying state income tax in Louisiana.
Posted on 4/3/24 at 8:08 pm to Cosmo
quote:
In “nice” areas yeah. Just like Louisiana.
Would you send your kids to Harris or Dallas County schools?
Houston ISD or Dallas ISD are just 2 within the counties. Is that what you mean? Katy ISD is in Harris County as an example. Huge difference.
Posted on 4/3/24 at 8:14 pm to Pedro
I’d happily do 20% sales tax to get rid of income tax with a trivial increase to property tax.
This post was edited on 4/3/24 at 8:15 pm
Posted on 4/3/24 at 8:18 pm to FreeState
How about we shut the state government down for a year. Send everyone home, pay no taxes. Come back in a year and see if anyone really notices.
Roads are fricked up already, let local governments take on the responsibilities that the state fricks up on a regular basis.
Roads are fricked up already, let local governments take on the responsibilities that the state fricks up on a regular basis.
Posted on 4/3/24 at 9:15 pm to Pedro
quote:
question for the floor: how high of a sales tax would you be willing to take if it meant no income and property taxes?
We already have high sales tax. I can choose not to pay it by not buying more shite than I already do when it gets raised.
quote:
“We have got to find a way to restrain excessive government spending at the state and local level,” he said. “The sales tax is high in Louisiana … but really the focus should be on the burdensome income tax.”
Actually think we have had as high as 11% in areas.
quote:
The research shows that as of Jan. 1, Louisiana’s state sales tax of 4.45% ranks 38th from the top. But when that figure is added to the average local tax rate of 5.10%, the state’s 9.55% combined rate becomes the highest among 50 states and the District of Columbia.
This post was edited on 4/3/24 at 9:32 pm
Posted on 4/3/24 at 10:53 pm to dgnx6
quote:
The research shows that as of Jan. 1, Louisiana’s state sales tax of 4.45% ranks 38th from the top. But when that figure is added to the average local tax rate of 5.10%, the state’s 9.55% combined rate becomes the highest among 50 states and the District of Columbia
Direct result of homestead exemption.locals are reliant on sales tax
Posted on 4/3/24 at 11:24 pm to FreeState
Until the government can legitimately point to how they are owed anything by my labor and the sweat of my brow, income tax is complete horseshite.
Posted on 4/3/24 at 11:27 pm to Areddishfish
quote:
For the average baw, you basically break even with no state income tax because of the higher property tax.
You get to choose your tax based on your house and the MUD district you live in. In Louisiana, you have no real choice based on the income tax.
And if you think 7500 is high, hoo, boy, I've been subsidizing the shite out of you for a decade or more.
Posted on 4/4/24 at 10:57 am to LSUFanHouston
quote:
To make this work, though, we have to actually have jobs for our graduates.
I'm more concerned with the people who go to college for 2 or 3 semesters then drop out, because they never should have gone to college in the first place. If you raise the standards, you might have a lot less of that.
I absolutely agree with you. Maybe incentivize graduates in some way. Louisiana is water circling the drain like a tornado. Something drastic needs to be done.
Posted on 4/4/24 at 12:01 pm to broadhead
quote:
I absolutely agree with you. Maybe incentivize graduates in some way. Louisiana is water circling the drain like a tornado. Something drastic needs to be done.
In my opinion, you can solve this with three simple program changes.
1) Dramatically increase the GPA / ACT score need to get TOPS.
2) If a college student did not earn TOPS after high school, after his first year of college, he has a GPA that is at least as high as the GPA required for TOPS participants to stay in the program, that student can then join TOPS for the next three years, assuming they continue to qualify.
3) TOPS is set up as a loan, signed at the beginning of the semester. If at the end of the semester, the student makes the GPA cut, then the loan is torn into pieces. If the student does not, then the loan becomes treated like any other student loan.
Posted on 4/4/24 at 12:06 pm to LSUFanHouston
quote:
3) TOPS is set up as a loan, signed at the beginning of the semester. If at the end of the semester, the student makes the GPA cut, then the loan is torn into pieces. If the student does not, then the loan becomes treated like any other student loan.
I'm in agreement to that.
Posted on 4/4/24 at 12:18 pm to LSUFanHouston
Both should contribute.
Posted on 4/4/24 at 12:20 pm to turnpiketiger
quote:
This is how Texas gets away with it and yet people think it’s such a big difference not paying state income tax. The states gonna get their money one way or another
Whatever…
I owned 3 houses in Texas (not at the same time). I got a lot of house for my money and the property taxes were never that bad.
Posted on 4/4/24 at 2:47 pm to GusMcRae
quote:
Whatever… I owned 3 houses in Texas (not at the same time). I got a lot of house for my money and the property taxes were never that bad.
What years and what school districts were the homes in?
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