So the great state of Louisiana and Gov. Bobby Jindal have made eliminating the state income tax a part of this year's agenda. Great news. Hurrah for us.
HOWEVER, I am completely against the way they are doing it and cannot support it. And no I'm not a liberal. They want to make it "revenue neutral" by increasing the sales tax. Sounds great, I'm all for consumption taxes eliminating income taxes. Unfortunately, Louisiana is already in the top 3 states with the highest sales taxes. Combined state and local taxes in a city near me is 10%. Yes, that's a 10% consumption tax we're already paying on top of every other tax we have (federal and state income and property). The local sheriff's department succeeded in guilting enough voters that they needed more money to "protect" us to increase our local sales taxes another 0.25%. They did it of course with the line "it's only 25 cents for every $100". Their main revenue comes from property taxes but they just had to have more. Anyway, in order to remain "revenue neutral" they will have to increase state sales tax by 3 or 4%.
Hurray! I would love to pay almost 15% for a new car. $30,000 car? Sorry, your total comes to almost $35,000. And you still have federal taxes that are more of a problem than any state income tax. High price item sales would plummet. Someone needs a new washing machine? Screw that, get in the car honey, we're driving to Texas to do it.
Now, I will admit the state portion of the sales tax isn't the problem. Currently 4%. Going up to the equivalent of say Florida (who doesn't have a state income tax) at 6% would be fine with me. The f&*king problem here in Louisiana are the local governments that want even more than what the state gets. In addition to the property taxes they get too. So, until they rein in the greedy local governments, I say no to 15% sales tax in order to eliminate a meager income tax. It's parish and city taxes that add up to the current 10% in Monroe, LA. 4% state, 6% combined for parish and city.
This bullshit is just BULLSHIT! Quit moving the taxes and cut some f&*king spending. Government services should not be costing me in excess of half my f&*king income.