Thursday, August 9, 2012

Louisiana Taxes Too Much ... NOT!

From huffingtonpost.com ...

"9. Louisiana  [9th of 10 U.S. States With The Lowest Taxes]

"Taxes paid by residents as pct. of income:   8.2 percent
"Total state and local taxes collected:     $44.2 billion
"Pct. of total taxes paid by residents:     54 percent
"Pct. of total taxes paid by non-residents: 46 percent


"Despite having the fifth highest average state and local sales tax rate, residents of Louisiana have a relatively low tax burden. A leading reason for this is the simple fact that, on average, residents pay one of the smallest amounts of total state and local taxes in the country. According to the Tax Foundation, property taxes in the state are $565.23 per capita, the fifth lowest amount among states. Louisiana also collects $1.78 in federal spending for every dollar spent on federal taxes -- the fourth highest ratio. This rate of federal spending helps offset the need for higher state revenue from taxes."

 

COMMENT:  So, if the Federal Government spending is cut as apparently a lot of folks in Louisiana want, especially Governor Jindal, that $1.78 back per $1.00 sent will change downwards.  Will Louisiana make up the difference with higher taxes?  Not according to Governor Jindal.


Source:  http://www.huffingtonpost.com/2012/08/08/france-income-tax_n_1757139.html?1344453539&icid=maing-grid10%7Chtmlws-main-bb%7Cdl1%7Csec3_lnk2%26pLid%3D190145#slide=746246

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