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Started By
Message
re: Why Louisiana stays poor
Posted on 11/15/18 at 10:20 am to Horsemeat
Posted on 11/15/18 at 10:20 am to Horsemeat
quote:
Look I'm a pretty big fiscal conservative but I'm not going to say that they should get these tax breaks when the citizenry is facing tax increases. That 5% rate needs to go up because they're paying less in taxes percentage wise than what people are paying for their homes. This is LOCAL tax money that's getting exempted by the STATE which is filled with corrupt shitbags.
I won't disagree about the corrupt shitbags, but I have a better idea than pissing off the industry we are so tied at the hip with in this state. As I said before, LEGALIZE SPORTS BETTING AND MJ!
We are already losing money to MS when it comes to sports betting and we could be the first state in the south to legalize MJ. If we did both and taxed both at high rates (to make some religious nutbags happy because somehow both are "immoral"), you'd have all the money cities and the state would need to improve roads, teachers salaries, police salaries and training, etc.
THEN, once you have a few different industries in the state, you can charge industrial facilities more for taxes due to the lack of being so attached to any one business.
1
Posted on 11/15/18 at 10:22 am to DavidTheGnome
quote:
Corporate subsidies and tax exemptions etc.
Also the main reason why it's such a struggle to balance the budget every year - too much corporate welfare. Recently in some years, corporations paid a net zero in corporate income taxes, this while Louisiana was cutting the budget for higher education. Thanks Jindal.
Posted on 11/15/18 at 10:24 am to rowbear1922
Again, you're comparing property taxes vs sales taxes with mj and betting.
This is physical land these companies own that aren't being taxed. This is like if the Governor were to say "Property of government workers will no longer be taxed because they're important to us". It wouldnt fly at all. Propert tax owed to parish government should be something both sides of the aisle can agree on.
This is physical land these companies own that aren't being taxed. This is like if the Governor were to say "Property of government workers will no longer be taxed because they're important to us". It wouldnt fly at all. Propert tax owed to parish government should be something both sides of the aisle can agree on.
Posted on 11/15/18 at 10:25 am to TigersFan64
quote:
Recently in some years, corporations paid a net zero in corporate income taxes,
Just like about half of the citizenry.
Posted on 11/15/18 at 10:25 am to Mingo Was His NameO
So if they paid 90% of a $10bn assessed value in Texas, it would be worth the same as them paying almost zero dollars here? Hmmm. $9 billion versus $0. I'll take the $9 billion
Posted on 11/15/18 at 10:29 am to Mingo Was His NameO
you really hate Louisiana don't you?
Posted on 11/15/18 at 10:31 am to Mingo Was His NameO
Another reason why the budget is out of whack is because they reversed the Stelly tax structure but kept all the goodies (tax exemptions) in place. Too many politicians have convinced the citizenry that they can have everything without actually paying for it.
Posted on 11/15/18 at 10:31 am to Klark Kent
quote:
you really hate Louisiana don't you?
No, id lovd to move back. I can just point out the obvious flaws, and dealing in logic there is no way I can do so.
Posted on 11/15/18 at 10:32 am to Mingo Was His NameO
same sadly.
but i still love my home state, hope they pull it together, and don't call their citizens ignorant. there's a lot good folk in Louisiana who can't or won't leave for a lot of reasons.
but i still love my home state, hope they pull it together, and don't call their citizens ignorant. there's a lot good folk in Louisiana who can't or won't leave for a lot of reasons.
Posted on 11/15/18 at 10:34 am to Horsemeat
quote:
Again, you're comparing property taxes vs sales taxes with mj and betting.
This is physical land these companies own that aren't being taxed. This is like if the Governor were to say "Property of government workers will no longer be taxed because they're important to us". It wouldnt fly at all. Propert tax owed to parish government should be something both sides of the aisle can agree on.
If you legalize MJ, you need physical land and space to grow it rather that is large warehouses or fields. I'm not saying that industrial companies should pay zero property tax and if the numbers in the video of less than 5% is true, yes it is a problem. Why must LA offer these kinds of incentives though? It's to attract these businesses away from other locations. What percentage should it be? I don't know but maybe the current percentage is what makes us competitive with other states.
This argument works both ways. If you think they should pay more than they currently are because the industry won't leave, why not double their fair share of property tax? If they can't leave, we should be able to get away with highway robbery on their taxes. Conversely if the only reason they are staying is because of a 5% property tax rate, I'd rather 5% than absolute nothing.
Posted on 11/15/18 at 10:34 am to Mingo Was His NameO
Roll back just a percentage of all the corporate goodies and giveaways and make them pay their fair share of income taxes and we'd see the state budget well in the black. It's ludicrous when corporations making billions annually in profit pay zero in state income taxes.
Posted on 11/15/18 at 10:36 am to TigersFan64
quote:
we'd see the state budget well in the black
would we tho? after decades of corruption and mismanagement of tax funds, how can you have any faith in the leaders of Louisiana
Posted on 11/15/18 at 10:36 am to Klark Kent
quote:
there's a lot good folk in Louisiana who can't or won't leave for a lot of reasons.
I could easily find a job out of state. I love the people of Louisiana. I'd just prefer somewhere with more seasonable weather and nicer terrain.
My wife has no desire to leave right now though. She's not even from LA either
Posted on 11/15/18 at 10:39 am to Klark Kent
It's balanced now after a lot of work. It's state law that the budget must be balanced each year. The difference is we now actually have responsible adults dealing with the budget instead of that little man-child we had for eight years up there running for President.
This post was edited on 11/15/18 at 10:40 am
Posted on 11/15/18 at 10:39 am to TigersFan64
quote:
Another reason why the budget is out of whack is because they reversed the Stelly tax structure but kept all the goodies (tax exemptions) in place. Too many politicians have convinced the citizenry that they can have everything without actually paying for it.
the Stelly plan was eliminated because it was a stinking pile of dog shite. Consumers were getting hosed with extra/higher taxes. It was sold to the electorate as a swop with no net increases, but- as with most tax plans- it turned out to be a drain on the individual taxpayers.
The taxpayers are actually paying for everything. If the state would live within its means, we wouldn't vote NO on damn near every tax proposal.
Posted on 11/15/18 at 10:40 am to TigersFan64
quote:
It's ludicrous when corporations making billions annually in profit pay zero in state income taxes.
I would bet there is precisely zero companies making "billions in profit" in Louisiana. Louisiana can only tax income made in the state, and most companies do very little business in Louisiana in Louisiana comparatively.
Posted on 11/15/18 at 10:40 am to tigerinthebueche
quote:
the Stelly plan was eliminated because it was a stinking pile of dog shite
So say the upper income folks who it affected, and whine and cry about having to pay their fair share of taxes.
Posted on 11/15/18 at 10:41 am to rowbear1922
quote:
Conversely if the only reason they are staying is because of a 5% property tax rate, I'd rather 5% than absolute nothing
Take the example of Exxon in Baytown vs Baton Rouge - the tax rate in Baytown is astronomical in comparison but they aren't moving or complaining. Why shouldnt EBR get closer to what they're paying in Texas? Exxon can piss and moan about it but theyre straight up paying a fraction of what theyre paying elsewhere.
Posted on 11/15/18 at 10:55 am to CoeJ
quote:
This is such a dumb argument
No you are dumb, these individuals do not work and will never work
Posted on 11/15/18 at 11:03 am to Horsemeat
quote:
Take the example of Exxon in Baytown vs Baton Rouge - the tax rate in Baytown is astronomical in comparison but they aren't moving or complaining. Why shouldnt EBR get closer to what they're paying in Texas? Exxon can piss and moan about it but theyre straight up paying a fraction of what theyre paying elsewhere.
It's also possible the facilities, although both are Exxon, serve a different purpose (upstream, midstream, downstream). If the Baytown location is actually pumping for crude oil, you can't just find that anywhere vs if BR is say, midstream and making products from oil from off the coast.
If anything, the government officials we all universally agree are corrupt would want more tax dollars to misappropriate for their own gain.
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