- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: What kind of fear mongering will we see from JBE this morning?
Posted on 1/27/17 at 10:58 am to gsvar2004
Posted on 1/27/17 at 10:58 am to gsvar2004
I just thank god every day that the interval between JBE and a democrat president was only one year.
We would've been so fricked with JBE as Gov and Hillary in the Oval.
We would've been so fricked with JBE as Gov and Hillary in the Oval.
Posted on 1/27/17 at 11:02 am to gsvar2004
NEED MORE TAXES!! People will be cut off their dialysis machines, kids going uneducated, old people starving, its the END!
Unless you approve these taxes...then everything will be ok for a few more months.
Unless you approve these taxes...then everything will be ok for a few more months.
Posted on 1/27/17 at 11:12 am to Jimmy2shoes
As expected. Clamor for more taxes and our weak arse legislature folds abc leaves us residents to pony up with zilch to show.
Posted on 1/27/17 at 11:14 am to gsvar2004
Or, he and the legislature could make industry, you know, pay taxes. Like the rest of us.
Last year the state paid more in credits than it took in from industrial activity. They get tax breaks across the board and it's all in this misguided belief that they would go somewhere else if we didn't. Just a little rundown on two massive breaks they get:
Property tax exemption: every new plant in the state doesn't pay property taxes for 5 years and can extend it by 10 just by filing a simple form.
Sales tax exemption: probably the worst of them all. If you read the Supreme Court NISCO case it sheds some light on how bad this issue is. Basically, industry doesn't pay sales tax on really anything because they can claim it is for "further processing" of their chemicals.
Instead of making these fricks pay money, we threaten education, cut healthcare, and raise sales taxes on the rest of us, but god forbid we make big industry pay a cent on anything they do.
Last year the state paid more in credits than it took in from industrial activity. They get tax breaks across the board and it's all in this misguided belief that they would go somewhere else if we didn't. Just a little rundown on two massive breaks they get:
Property tax exemption: every new plant in the state doesn't pay property taxes for 5 years and can extend it by 10 just by filing a simple form.
Sales tax exemption: probably the worst of them all. If you read the Supreme Court NISCO case it sheds some light on how bad this issue is. Basically, industry doesn't pay sales tax on really anything because they can claim it is for "further processing" of their chemicals.
Instead of making these fricks pay money, we threaten education, cut healthcare, and raise sales taxes on the rest of us, but god forbid we make big industry pay a cent on anything they do.
Posted on 1/27/17 at 11:20 am to gsvar2004
quote:
Will we see more threats to cancel the LSU football season?
If he pulls that shite less than a week before signing day, he needs to be recalled immediately.
Posted on 1/27/17 at 11:22 am to Dixie Normus
quote:
Property tax exemption: every new plant in the state doesn't pay property taxes for 5 years and can extend it by 10 just by filing a simple form.
Sales tax exemption: probably the worst of them all. If you read the Supreme Court NISCO case it sheds some light on how bad this issue is. Basically, industry doesn't pay sales tax on really anything because they can claim it is for "further processing" of their chemicals.
Lets hear from some of the LABI enthusiast about this wonderful, biz friendly environment and how its moving LA forward. Cant wait
Posted on 1/27/17 at 11:24 am to CamdenTiger
quote:
Uh, is this some back door cancellation of football season-threat? I thought Football didn't receive money from the State, and was independent. Is this something like no school, no football?
Yes. When he floated this last time, it was under the theory that the state can't afford to fund the school, so the school would have to shut down, which would mean it couldn't field a football team no matter how self-sufficient the football team would be.
Posted on 1/27/17 at 11:25 am to Lakeboy7
I didn't even get into how the fact that their income tax rates are basically equivalent to the poorest person in Louisiana
Posted on 1/27/17 at 11:30 am to gsvar2004
While higher education proclaims that cuts to state funding mean higher fees and tuition.
Can the greedy bastards even comprehend the idea of spending less money??
Can the greedy bastards even comprehend the idea of spending less money??
Posted on 1/27/17 at 11:32 am to Dixie Normus
quote:
I didn't even get into how the fact that their income tax rates are basically equivalent to the poorest person in Louisiana
Ironic given how much they hate poor people. Ahem, especially THOSE poor people.
Posted on 1/27/17 at 1:16 pm to Dixie Normus
quote:
he and the legislature could make industry, you know, pay taxes. Like the rest of us.
Industry would LOVE to pay taxes like the "rest of us"
Citizens don't pay sales tax on utilities
Business does
Citizens don't pay property tax on the contents of their home.
Business pays taxes on inventory
Citizens pay property tax on 10% of the market value of their home
Business pays 15% (utilities pay 25%)
All citizens get a $75K homestead exemption
Manufacturer's get a 100% exemption for 10 years; all other businesses get 0.
Now business has gotten a lot of other tax exemptions and rebates to make up for the crappy tax structure (which kinda doubles down on a stupid system, imho).
However, I am pretty sure businesses would give up the various tax breaks they get in a heartbeat if they could just be taxed like individuals.
It is incredibly disingenuous (or maybe just ignorant) to discuss getting rid of tax breaks for business without talking about the horrible underlying structure that brought about the need for those breaks in the first place.
This post was edited on 1/27/17 at 2:31 pm
Posted on 1/27/17 at 2:03 pm to BigJim
If I were dictator, I would try and replicate Texas' tax structure here in La.
It might not be perfect, but look how well it works compared to ours.
It might not be perfect, but look how well it works compared to ours.
Posted on 1/27/17 at 2:14 pm to LSURussian
Start buying shite...pay those sales taxes!!!!!
Posted on 1/27/17 at 2:18 pm to BigJim
I'm talking about industry, not small-business. It's ridiculous to think industry would change spots. The state literally paid out more credits to industry than taxes they took in from them over the last 2 years. shite, if I can get even half the credits they get, sign me up. I'll trade in a heartbeat.
This post was edited on 1/27/17 at 2:19 pm
Posted on 1/27/17 at 2:18 pm to doubleb
quote:
If I were dictator, I would try and replicate Texas' tax structure here in La.
It might not be perfect, but look how well it works compared to ours.
You say that, but the second your homestead exemption is touched you will howl like a little girl.
I for one would keep the homestead exemption....but I would tax the 2nd 75,000.00 on the value of a home. No one gets free rides anymore.
Posted on 1/27/17 at 2:20 pm to Lakeboy7
Business steers clear of Louisiana for reasons other than taxes.
Posted on 1/27/17 at 2:38 pm to Dixie Normus
quote:
I'm talking about industry, not small-business. It's ridiculous to think industry would change spots. The state literally paid out more credits to industry than taxes they took in from them over the last 2 years. shite, if I can get even half the credits they get, sign me up. I'll trade in a heartbeat.
So you want to frick over a prime driver of the economy to get a little more tax revenue. Yeah, that won't backfire at all...
On the credits issue- that is strictly state corporate taxes. So it ignores state and local sales tax as well as local property tax. And it adds in junk like the film credits (which either need to be heavily reformed or eliminated, imho). And probably it includes the S-corp deduction which is essentially the elimination of a double tax since most businesses actually pay using the individual income tax.
Again, you are only looking a part of the picture.
This post was edited on 1/27/17 at 2:50 pm
Posted on 1/27/17 at 2:45 pm to hawkster
quote:
Can the greedy bastards even comprehend the idea of spending less money??
Okay bubba, I'm all for it . Why don't you start and tell us what you would cut? You want fire, police or schools first? Wanna sock it to LSU and not pay the professors or for the upkeep?
The dirty secret is that unless there is a new state constitutional convention, there is not much you can cut.
Posted on 1/27/17 at 3:07 pm to KiwiHead
quote:
Okay bubba, I'm all for it . Why don't you start and tell us what you would cut? You want fire, police or schools first? Wanna sock it to LSU and not pay the professors or for the upkeep?
Fire? Besides a small subsidy to the local fire fighters pension fund ($500k? not sure) not much there to cut. But I am OK with cutting it.
Police? Supplemental pay is constitutionally protected. Not really worth the political fight, but yeah I cut this in a perfect world. This is a local responsibility.
Schools? Yep. K-12 schools have not been cut during this whole fiscal roller coaster since Katrina (and before that really) If LSU can get cut so can K-12.
This post was edited on 1/27/17 at 3:07 pm
Posted on 1/27/17 at 3:36 pm to Dixie Normus
quote:
Last year the state paid more in credits than it took in from industrial activity. They get tax breaks across the board and it's all in this misguided belief that they would go somewhere else if we didn't. Just a little rundown on two massive breaks they get:
Property tax exemption: every new plant in the state doesn't pay property taxes for 5 years and can extend it by 10 just by filing a simple form.
Sales tax exemption: probably the worst of them all. If you read the Supreme Court NISCO case it sheds some light on how bad this issue is. Basically, industry doesn't pay sales tax on really anything because they can claim it is for "further processing" of their chemicals.
HOLD IT the assumption you are making here is wrong. Neither of the two exemption you mentioned there are losses to the state.
I don't agree with those exemption and I don't agree with homestead exemption either BUT those exemptions are basically on new property and is on taxes that are in fact generated by the business that gets them and are not taken from tax payers like the film tax credits or the digital media credit or the live music credits.
The ten year tax exemption should be eliminated along with the homestead exemption and tax collections held constant for one year so the millages will go down. It will add billions in property to the tax rolls and most everybody currently paying property tax would pay less even after losing their homestead exemption and industrial tax exemption.
We should collect sales tax on everything INCLUDING all food, all agricultural equipment and all services like legal fees. Again we should add all these things to the tax rolls one year but lower rates to reflect the new property being taxed.
We should also collect income tax from everybody INCLUDING government retirees of all ages. We should have a $35000 income exemption for ALL people over the age of 65 and that be it. Government employees should not get the special treatment they are getting now. Last year over $95 million of state pensions alone went untaxed.
quote:We shouldn't just threaten it--we should cut it and start in the state department of education.
we threaten education,
quote:We should do this tomorrow---cut reimbursements by medicaid by 10%--make the providers that pay their lobbyist and contribute to JBE and other politicians war chest take the hit. Not a soul would have to come off of medicaid. These doctors with 6 and 7 figure salaries and these hospitals with $5000 emergency room visits should just get less money for their services.
cut healthcare,
This post was edited on 1/27/17 at 4:02 pm
Popular
Back to top



0





