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Started By
Message
re: New LA State Sales Tax
Posted on 1/4/25 at 11:51 am to Optimism
Posted on 1/4/25 at 11:51 am to Optimism
quote:
No one can argue our previous tax structure was working.
What is your definition of "working"?
quote:
am glad we are moving to a different model like Texas Fla Tennessee etc.
Louisiana has an obscene sales tax and virtually no property tax....
quote:
but at least the direction has changed to a more business friendly model we have to be more competitive
Louisiana has an infrastructure, demographics, and a hostile to outsiders culture issue that is hurting the business climate much more than tax policy.
0
Posted on 1/4/25 at 11:52 am to jmarto1
quote:
Our schools generated money? Wow
Yea...that was odd. I could not find any more details but perhaps it is referencing federal funding?
Posted on 1/4/25 at 12:14 pm to jclem11
Only thing i could think of
Posted on 1/4/25 at 12:19 pm to Whatafrekinchessiebr
Excellent. We can never have too many taxes.
Posted on 1/4/25 at 12:23 pm to Whatafrekinchessiebr
Wasn't there something in there for making homeowners deduction x2 or x3?
I thought I read that somewhere.....or did it get axed out?
I thought I read that somewhere.....or did it get axed out?
This post was edited on 1/4/25 at 12:24 pm
Posted on 1/4/25 at 12:26 pm to Optimism
quote:
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
The increase is temporary and expires in 4 years, I believe. The income tax reduction is permanent. Not sure why jclem is such a cheerleader for higher income taxes. Sounds very liberal to me.
Posted on 1/4/25 at 12:27 pm to Abikaasa_Posti_Teel
quote:
Wasn't there something in there for making homeowners deduction x2 or x3? I thought I read that somewhere.....or did it get axed out?
Nope. The increased deduction is still there.
Posted on 1/4/25 at 12:56 pm to BugAC
quote:
ot sure why jclem is such a cheerleader for higher income taxes. Sounds very liberal to me.
This plan is a net tax INCREASE on the citizens of Louisiana and shifts the tax burden more to the middle and lower classes and enirches the wealthy.
How is that positive for Louisiana the the poorest are having to pay more of their meager incomes in taxes?
I'm for properly funding a competent government.
Posted on 1/4/25 at 1:01 pm 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
Scope of services is almost certainly going to be expanded in the near future, so those that were at 0% will go to 10%+, which is going to eat those savings with the quickness.
They’re getting all the idiots like you to buy in first then they’re going to pull the rug out from underneath you
Posted on 1/4/25 at 1:06 pm to Optimism
quote:
I am glad we are moving to a different model like Texas Fla Tennessee
There is no industry in Louisiana. The burden of tax collection will always be on the populace so this is just a tax swap (which the State has surprisingly not even lied about and still gotten people to think this is a good thing).
Texas, Florida, and Tennessee all subject commercial industry to a gross receipts tax to collect tax, Louisiana can’t do that because there is no commercial business
For the record: that does not mean there are no Walmarts located in Louisiana. That means there are no companies headquarter in Louisiana, no real profession services, etc
Posted on 1/4/25 at 1:08 pm to Mingo Was His NameO
quote:
Scope of services is almost certainly going to be expanded in the near future, so those that were at 0% will go to 10%+, which is going to eat those savings with the quickness. They’re getting all the idiots like you to buy in first then they’re going to pull the rug out from underneath you
Did you miss where I said I did the rough estimate off of my total credit card statement (including services)?
Posted on 1/4/25 at 1:09 pm to TaderSalad
quote:
Anyone who understands income tax approves of his changes
Actually all the CPAs on the board, almost to a man, are telling you this is a bad idea
Posted on 1/4/25 at 1:18 pm to Mingo Was His NameO
quote:
Actually all the CPAs on the board, almost to a man, are telling you this is a bad idea
Correct. CPA chiming in. You are also correct in that Louisiana has no industry to switch to a full franchise tax on business and property tax model a la TX, TN, and FL.
Demographics and an insular culture hostile to outsiders will forever doom Louisiana.
Posted on 1/4/25 at 1:25 pm to UptownJoeBrown
quote:
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.
Wait. I thought the OT hated government and all taxes are theft?
Why are you cheerleading the evil state taking more money from the citizenry?
Posted on 1/4/25 at 1:53 pm to Geaux002
quote:
The jackass wanted to lower income tax but raise other taxes to make up for it.
How would you make up the money lost? Tell me what spending you would cut and dont be ridiculous, give an honest and legal answer.
Posted on 1/4/25 at 1:55 pm to nola tiger lsu
quote:
Tell me what spending you would cut and dont be ridiculous, give an honest and legal answer.
There’s $10s of millions of administrative spending that is totally useless. And not letting politicians run up fraudulent tabs in the name of “business”
Posted on 1/4/25 at 1:55 pm to Mingo Was His NameO
quote:
There’s $10s of millions of administrative spending that is totally useless. And not letting politicians run up fraudulent tabs in the name of “business
Ok, specifics?
Posted on 1/4/25 at 1:58 pm to nola tiger lsu
quote:
Ok, specifics?
Revenue agents who don’t pick up the phone after 3pm or at all on fridays leading to the hiring of more agents. Duplicate administrative jobs within every agency where people are working 20 hours a week and could be consolidated into a single position. There’s tons of them.
I can’t tell you Betty Smith and Wanda Morgan in wildlife procurement, neither of which do shite, if that’s what you want. But denial that shite exist is crazy
Posted on 1/4/25 at 3:18 pm to nola tiger lsu
There are three CPAs in here, who all like small govt and hate taxes, all saying this is bad and cost people more in taxes
However, some baws have been convinced this is “cutting taxes”, so frick yeh merica
However, some baws have been convinced this is “cutting taxes”, so frick yeh merica
This post was edited on 1/4/25 at 3:19 pm
Posted on 1/4/25 at 3:29 pm to lsupride87
The new tax was targeted at consumption, which I do not quite understand. Does the government really expect tourism to make up the money we're not taxing on businesses? I will avoid spending money within the state for non-essentials as much as I can. The deduction is great but I am still going to be affected daily if I need to buy something besides my groceries.
Jeff Landry has rightfully been a political punching bag by 95% of TD for stupid shite like this. The state has no one to blame but themselves. ~30% voter turnout and it still blows my mind that this clown got elected in the first place.
Jeff Landry has rightfully been a political punching bag by 95% of TD for stupid shite like this. The state has no one to blame but themselves. ~30% voter turnout and it still blows my mind that this clown got elected in the first place.
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