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

I don't even know why they call these "special sessions" anymore. JBE has called them every year he's been in office.

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Tax Bracket 101....for those that dont understand it:

old bracket: (single amking $100k)

2% 1st 12,500 - $250
4% 12501 - $50,000 - $1500
6% 50,001 - 100,000 - $3000
total tax liability - $4650

New Brackets:

2% 1st 12,500 - $250
4% 12501 - $25,000 - $500
6% $25,001 - 100,000 - $4500
total tax liability - $5250

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Lets say that person spends most of his pay because that is what the middle class do. He could pay 10% in sales tax. So, an additional $3,000 easily. Then another $2,000 in property taxes.

A person in Louisiana making $100,000 can easily pay over 10% in Taxes not including fees, licenses, federal taxes, etc...

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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

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What does the white caucus think?

So if you are an OT baller making $1mm per (ie really $100k ... maybe), you only pay extra on your income under $50,000. So yeah ... this REALLY fricks poor people and will no doubt hurt many people of color.

The Black Caucus is clearly filled with idiots. This hurts their own base as much as anyone. If they wanted to really attack they would increase the rate on $100k+ to 10%. Given the direction the state is headed, I'm sure that will happen soon enough.

LA is heading into the dumpster at full speed. I have always knocked Mississippi and Arkansas, but I would be hard pressed to choose which state would be worse to live in at this point.

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I assume the total tax rate.

A 10% total tax burden gets LA into the top 10 or so states for highest tax burdens.

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Sure if you start making shite up out of thin air

You'd have to go through the same process of tallying up the sales tax and property taxes in other states for an apples to apples comparison

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LA is heading into the dumpster at full speed. I have always knocked Mississippi and Arkansas, but I would be hard pressed to choose which state would be worse to live in at this point.

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In my 44 years of living, there might have been a handful of years in which it wasn't reported that Louisiana is "broke" or "over budget" or "in a budget crisis". You would think after so long of cutting jobs, departments, raising taxes, etc. that Louisiana would eventually be in good fricking shape.

This is why I think all our politicians are crooks and they're squandering our money away.

By the way, Exxon is dumping 50 billion worth of construction and work into all their plants. They passed on Louisiana.

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Sure if you start making shite up out of thin air

You'd have to go through the same process of tallying up the sales tax and property taxes in other states for an apples to apples comparison

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2017 Tax Burden by State

Someone posted a ranking from 2012 and we were 45. We are climbing the list fast.

If my spreadsheet is correct, it hurts the $40,000 - $100,000 group the most.


Current Taxable New
Tax Income Tax
250 12,500 250
750 25,000 750
950 30,000 1050
1250 37,500 1500
1350 40,000 1650
1750 50,000 2250
2350 60,000 2850
3550 80000 4050
4750 100000 5250
10750 200000 11250

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They upset about that zoo.

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Hell....they are the zoo!