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Harry Caray
Houston Astros Fan
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Member since Aug 2009
16697 posts

Special Session: Black Caucus issues an ultimatum to increase income tax
From Nancy Landry's Twitter

quote:

Special session update: the black caucus has issued an ultimatum to increase income tax by compressing tax brackets or they won’t vote for any bill. In other words, they are blowing everything up. #lalege

Notes on the bill

As of now, the state income tax bracket is:

2% - First $12,500
4% - Next $37,500 (up to $50,000)
6% - Earnings beyond $50,000

The proposed tax bracket would look like:

2% - First $12,500
4% - Next $12,500 (up to $25,000)
6% - Earnings beyond $25,000

Bracket ranges are doubled for joint filers.

ETA: Please take five minutes to read about tax brackets before commenting something stupid. This affects EVERYONE earning more than $25,000 a year.
This post was edited on 2/26 at 12:17 pm


ReauxlTide222
Alabama Fan
St. Petersburg
Member since Nov 2010
53441 posts
 Online 

re: Special Session: Black Caucus issues an ultimatum to increase income tax
That just hurts poor people more..


Bard
LA-Monroe Fan
Tigerdroppings Platinum Member
Member since Oct 2008
30702 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
quote:

As of now, the state income tax bracket is:

2% - First $12,500
4% - Next $37,500 (up to $50,000)
6% - Earnings beyond $50,000

The proposed tax bracket would look like:

2% - First $12,500
4% - Next $12,500 (up to $25,000)
6% - Earnings beyond $25,000

Bracket ranges are doubled for joint filers.


Because frick those rich a-holes and their $30k/yr salaries!111

#FightThaPowah
#StruggleBeRealYo
#Hashtag
This post was edited on 2/26 at 11:57 am


CoachChappy
LSU Fan
Boudin Capitol of the World
Member since May 2013
19109 posts
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re: Special Session: Black Caucus issues an ultimatum to increase income tax
Sweet, nothing will get done .


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550
Cosmo
Houston Astros Fan
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Member since Oct 2003
89611 posts
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re: Special Session: Black Caucus issues an ultimatum to increase income tax
But it helps their constituency which doesnt work


OysterPoBoy
LSU Fan
BR
Member since Jul 2013
12324 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
They upset about that zoo.


Wtodd
Missouri Fan
Tampa, FL
Member since Oct 2013
38284 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
quote:

That just hurts poor people more..

Everybody understands this except the economy challenge.....like
quote:

Black Caucus


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261
TDcline
Navy Fan
American Gardens building 11th flor
Member since Aug 2015
6187 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
quote:

Black Cauc


No thanks


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501
Displaced
LSU Fan
Member since Dec 2011
24033 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
quote:

That just hurts poor people more

Only the ones who even bother a low paying job.


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190
chef tiger
LSU Fan
Baton Rouge
Member since Jun 2009
525 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
I thought we were trying to get rid of state income tax like Texas and Florida.


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290
fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
7787 posts
 Online 

re: Special Session: Black Caucus issues an ultimatum to increase income tax
Democrats love them some taxes. A flat tax or fair tax is all I support


jrodLSUke
LSU Fan
Tigerdroppings Premium
Member since Jan 2011
13412 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
quote:

The proposed tax bracket would look like:

2% - First $12,500
4% - Next $12,500 (up to $25,000)
6% - Earnings beyond $25,000

The Black Caucus has discovered how to increase tax revenues by hundreds, if not a couple thousand, dollars.


rondo
New Orleans Saints Fan
Worst. Poster. Evar.
Member since Jan 2004
72164 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
So those that make more than 50k are not impacted?


NIH
LA-Lafayette Fan
Member since Aug 2008
88990 posts
 Online 

re: Special Session: Black Caucus issues an ultimatum to increase income tax
What reasons are there to stay in this state, again?


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393
Pelican fan99
New York Yankees Fan
Member since Jun 2013
12384 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
The Black caucus is such a fricking joke


LSUBoo
Houston Astros Fan
None. None More Black.
Member since Mar 2006
76512 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
I was being dumb... never mind...

ETA: But I still had more upvotes... guess I'm not the only one...
This post was edited on 2/26 at 12:23 pm


Oilfieldbiology
LSU Fan
Member since Nov 2016
2952 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
I’d actually be fine if they widened those parameters and added an 8% at some very high rate like over $250k for single and $500k for couples, although I’d be a bigger fan of no income tax at all.

This just goes to show they don’t actually care about he little guy and will only push more people into state and federal government dependence.


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159
Harry Caray
Houston Astros Fan
Denial
Member since Aug 2009
16697 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
quote:

So... they essentially want to raise taxes on people making between $25K and $50K?

Okay?
I know math can be hard. Try again.


OysterPoBoy
LSU Fan
BR
Member since Jul 2013
12324 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
quote:

So those that make more than 50k are not impacted?


You’d be impacted at the lower levels.


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50
Oilfieldbiology
LSU Fan
Member since Nov 2016
2952 posts

re: Special Session: Black Caucus issues an ultimatum to increase income tax
That’s exactly what it says. Where is he wrong?


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