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re: Jeff Landry transition committee calls for phasing out corporate and personal income taxes
Posted on 1/30/24 at 10:03 am to dakarx
Posted on 1/30/24 at 10:03 am to dakarx
quote:
Live in LA, work and pay taxes in MS....LA credits the income taxes paid to MS. If this goes through then it sounds like time to move else pay at least double, MS is still going to take their pound of flesh, then LA will want to increase local & property taxes to cover at least what the state income tax was.
No thanks.
Welcome to life when you live on the border between an income tax state and a non-income tax state.
Becaue that does not work for you, doesn't mean it won't work for the rest of us.
0
Posted on 1/30/24 at 10:06 am to TDsngumbo
quote:
frick this plan. If they eliminate the state income tax, 70% of us WILL eventually pay more than we’re paying now.
1st You will always end up paying more tax than you do now
2nd Most tax increases are on the middle class. The bottom 40% of earners dont even end up paying federal or state tax income tax. So if they have to start paying anything at all it would be an improvement
Posted on 1/30/24 at 10:06 am to boosiebadazz
quote:
Sure. What road did you use to get to your office? Who educated you and your co-employees?
Translation: “You didn’t build that.”
Posted on 1/30/24 at 10:10 am to Tarps99
quote:
You can add local school districts to this too.
I was looking at a directory of a local school district and was amazed at how many head of x, y, and z departments or programs they had for each federal program or state grant.
Some were former teachers that could be in the classroom but were enticed to a new central office position since they got a grant for it and a pay raise.
The money to pay these positions often comes out of the grant money. so it's still a net positive to the district.
Can't blame the districts here. Now if you would say, the feds / states should not be giving these grants, that is a different story.
Posted on 1/30/24 at 10:12 am to bhtigerfan
quote:
Personally, I’d probably prefer a higher state sales tax so everyone pays taxes and not just the people who have good jobs and own property.
Who do you think pays the proeprty taxes on rental property?
Do you think the landlord considers the property taxes when he determines the rental rates?
Posted on 1/30/24 at 10:13 am to saints5021
quote:
Gotta love this board. Everyone agrees Louisiana is at a sever disadvantage to the rest of the South due to our tax structure, but don't want to move to the same structure as the rest of the South?
Exactly.
We do things our way and watch our neighbor to the west grow and prosper; while we see our best and brightest run and we languish in mediocrity.
It would be comical if it wasn’t such a terrible situation.
Posted on 1/30/24 at 10:14 am to Screaming Viking
quote:
having said that, the last few major projects DOTD let as "Design/Build" projects. This allows them to weed out some of the trashy contractors that like to change order the sh!t out of them.
Fewer and larger projects, along with making them Design/Build projects is definitely an improvement for DOTD.
Design/build and toll funding are how competent states get things done these days.
But mention either of these terms around here, and the majority of the public loses their minds.
Look at how many people lost their minds over the new Belle Chase bridge.
Posted on 1/30/24 at 10:15 am to boosiebadazz
quote:
What road did you use to get to your office?
Yeh we already pay for that with fuel taxes.
Every gal of gas = 20 cents state and 19 fed
Every gal of diesel = 20 state and 24 fed
No need to bring income tax into this discussion if they aren’t misappropriating funds. Figure the fuel used per day across the state and the revenue generated from the tax. Its absurd.
Posted on 1/30/24 at 10:16 am to saints5021
quote:
Gotta love this board. Everyone agrees Louisiana is at a sever disadvantage to the rest of the South due to our tax structure, but don't want to move to the same structure as the rest of the South?
The vast majority of this board is not serious about soltions to problems. They would rather just complain about everything.
That's why they made such good Trump supporters.
Posted on 1/30/24 at 10:30 am to DaveyJones12
quote:
You’re going to be so mad when property taxes end up costing your more than income tax ever did. Look at Texas, then imagine the % of property that is effectively worthless triples, making the burden even higher on land owners with desirable property.
So uh. This whole Texas thing…
How are their schools?
Their roads?
Are people moving to Texas in droves or is their population shrinking?
How many Fortune 500 companies do significant business in Texas?
Y’all are missing the forest for the trees.
Posted on 1/30/24 at 10:37 am to WPBTiger
Are they phasing out franchise and inventory taxes too? If they're doing this for economic development, it's kind of pointless if these aren't eliminated as well.
Can anyone send me a link? Can't really find much information about the governor's plan on these?
Can anyone send me a link? Can't really find much information about the governor's plan on these?
Posted on 1/30/24 at 10:42 am to ragincajun03
quote:
Louisiana would have to stop having the highest property tax exemption in the country. Prepare for there to be blood-gurgling screams if/when that gets proposed.
$75k is the highest in the country? That number was put into place in what the 1980’s?
Posted on 1/30/24 at 10:59 am to WPBTiger
At least with fees, a lot of the money associated with them have to be spent on what the fee is for. The city in Texas I used to live in had a stormwater utility fee that had to be used to clean/dredge ditches or build detention/retention ponds. We never flooded despite having multiple " 500 year storms" during the time we lived there.
Posted on 1/30/24 at 11:20 am to WPBTiger
I totally support this. Income taxation is theft.
That said; realizing that the government needs money and would have to find other ways to tax we’d probably have to increase the sales and property taxes. I support that.
Here’s how it can work. Eliminating income taxation both personal and corporate, will invite capital to our state. That capital brings jobs with some high paying. Those people consume.
Bottom line- anything that invites capital to the state is a good thing.
Restructure the code to be more consumption based and we’ll see growth in our overall gdp.
That said; realizing that the government needs money and would have to find other ways to tax we’d probably have to increase the sales and property taxes. I support that.
Here’s how it can work. Eliminating income taxation both personal and corporate, will invite capital to our state. That capital brings jobs with some high paying. Those people consume.
Bottom line- anything that invites capital to the state is a good thing.
Restructure the code to be more consumption based and we’ll see growth in our overall gdp.
Posted on 1/30/24 at 11:29 am to jennyjones
quote:
quote:Louisiana would have to stop having the highest property tax exemption in the country. Prepare for there to be blood-gurgling screams if/when that gets proposed.
$75k is the highest in the country? That number was put into place in what the 1980’s?
I think they should phase in property taxes so all property owners pay something.
Say every property owner pays taxes on the first 50K of value. After that the Homestead Exemption kicks in. After that you pay taxes just as you do now.
That way all property owners have an interest in whether or not a tax passes.
Posted on 1/30/24 at 12:53 pm to boosiebadazz
quote:
What road did you use to get to your office?
The ones that gasoline taxes pay for.
quote:
Who educated you and your co-employees?
The schools that property taxes pay for.
Posted on 1/30/24 at 4:06 pm to Limitlesstigers
quote:
Are they phasing out franchise and inventory taxes too? If they're doing this for economic development, it's kind of pointless if these aren't eliminated as well.
Inventory tax yes... which is a problem since right now inventory tax is actually collected at the local level and refunded at the state level.
It's a stupid system that needs to be eliminated but getting rid of it will take away local money.
Posted on 1/30/24 at 4:07 pm to TigerSprings
quote:
The ones that gasoline taxes pay for.
That gas tax comes no where close to paying the full cost of roads.
quote:
The schools that property taxes pay for.
That property tax comes no where close to paying the full cost of schools.
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