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Posted on 1/4/25 at 8:51 am to dgnx6
Yes and ideally you cut the tax rate generate more economic activity and you have more taxpayers so overall revenue increases but the overall tax rate is lower . An income tax is confiscatory and more harmful than a sales tax. income tax should be zero Income tax is also statewide whereas property and some of the sales tax are local so this will allow individual parishes to compete against each other with their tax rates, which should allow for those taxes to go down also
Posted on 1/4/25 at 9:00 am to Optimism
quote:
When you cut income and business taxes The economy grows more people are hired so people will spend more money
In theory
Posted on 1/4/25 at 9:19 am to Optimism
quote:Sure according to textbooks
When you cut income and business taxes The economy grows more people are hired so people will spend more money a
But the textbook definition of socialism sounds great too
Posted on 1/4/25 at 9:21 am to dgnx6
quote:
Yeah taxing businesses less means they have more money. Some expand and hire more people.
And some take the profits and ship them back to their corporate HQ in another state
Posted on 1/4/25 at 9:43 am to lsupride87
quote:
Sure according to textbooks But the textbook definition of socialism sounds great too
Dude then write a fricking check to the government yourself if you want more of your income stolen.
One way to cut an expense for businesses is less taxes. Another way is to cut labor since it’s a huge expense. A lot harder to lower your rent without moving. Are you going to negotiate down your electric bill?
This post was edited on 1/4/25 at 9:52 am
Posted on 1/4/25 at 9:45 am to dgnx6
I don’t give a flying frick where the taxes come from. I simply want to give LESS OF MY frickING MONEY TO THE GOVT
How daddy Landry convinced baws spending more in taxes is good is amazing
How daddy Landry convinced baws spending more in taxes is good is amazing
This post was edited on 1/4/25 at 9:46 am
Posted on 1/4/25 at 10:00 am to lsupride87
quote:
I don’t give a flying frick where the taxes come from. I simply want to give LESS OF MY frickING MONEY TO THE GOVT How daddy Landry convinced baws spending more in taxes is good is amazing
This is dependent upon how much money you make. Just because overall tax revenue is going to increase that doesn’t mean that every person’s tax liability will increase.
Posted on 1/4/25 at 10:01 am to Epic Cajun
quote:the majority of people’s tax liability will increase
This is dependent upon how much money you make. Just because overall tax revenue is going to increase that doesn’t mean that every person’s tax liability will increase.
Posted on 1/4/25 at 10:03 am to LegendInMyMind
Personal income tax rate was lowered for everyone and deductible raised.
Posted on 1/4/25 at 10:07 am to lsupride87
quote:
the majority of people’s tax liability will increase
Probably, but if you are a high earner it’s likely that it’ll decrease.
ETA: I just ran the rough numbers based upon my credit card statement for the year (which includes services that don’t qualify for sales tax) and my current state tax liability, and I would’ve come out ahead last year
This post was edited on 1/4/25 at 10:23 am
Posted on 1/4/25 at 10:12 am to Epic Cajun
So quite literally a tax plan that helps the rich and hurts the majority of earners like the middle class
Sounds like shite
Sounds like shite
This post was edited on 1/4/25 at 10:13 am
Posted on 1/4/25 at 10:53 am to Whatafrekinchessiebr
Louisiana should pay its residents just to live there
Posted on 1/4/25 at 11:23 am to lsupride87
quote:
I love saving $5 in take home taxes in order to spend $7 more in total taxes
But muh CoSumPtIoN TaXeS aRe ThE bEsT! REEeeeee.
The mouthbreathers are too dumb to realize they were gaslit into voting themselves a tax increase while the ownership class continues to get richer and richer on their backs.
A self own that the idiot masses are celebrating.
Posted on 1/4/25 at 11:31 am to Optimism
quote:
When you cut income and business taxes The economy grows more people are hired so people will spend more money and then you will have more sales tax revenue even if sales taxes remained at the lower rate ( which they should have but a compromise was made with the legislature to get the whole package passed)
Link to a real world study proving this? Or is this yet another OT just so story that has been crafted to validate a preconceived narrative?[
quote]Louisiana has a lot of tourists who will pay sales taxes which relieves some burden overall [/quote]
Are you sure about this?
According to my link below, tourism is not in the top 10.
LINK
quote:
What are Louisiana's Largest Industries by Revenue?
The largest industries by revenue in Louisiana are Petroleum Refining, Oil Drilling & Gas Extraction and Public Schools, which generated $129.5b, $44.9b and $22.1b in 2024.
quote:
e need to work to further reduce and eliminate the income tax and half of sales taxes are locals so people in each parish can decide to lower those as well
Why are you so fixated on eliminating the income tax? You have a real world example of being fleeced by politicians and ending up with a net tax increase.
Posted on 1/4/25 at 11:37 am to Epic Cajun
quote:
I just ran the rough numbers based upon my credit card statement for the year (which includes services that don’t qualify for sales tax) and my current state tax liability, and I would’ve come out ahead last year
Of course. The OT is always the exception to every single rule.
How is shifting more of the tax burden onto the middle and lower class to the benefit of the rich is good for society overall?
This post was edited on 1/4/25 at 11:37 am
Posted on 1/4/25 at 11:38 am to jclem11
No one can argue our previous tax structure was working. I am glad we are moving to a different model like Texas Fla Tennessee etc.i also don’t think they should have raised the sales tax but kept it where it is but at least the direction has changed to a more business friendly model we have to be more competitive
Posted on 1/4/25 at 11:38 am to LegendInMyMind
quote:
I thought he said he was going to cut/lower taxes?
He did. Anyone who understands income tax approves of his changes. The ones bitching are the poors who never filed to begin with… government leaches should pay more for luxury items
OP also failed math at least 3.50 times
Posted on 1/4/25 at 11:39 am to jclem11
Our schools generated money? Wow
Posted on 1/4/25 at 11:51 am to Whatafrekinchessiebr
The $5 McDonalds meal deal was $5.50 including tax. Now it’s $5.52. Glad they raised sales tax. Make all the moochers pay too.
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