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Topic: Jindal’s Bold Tax Reform |
Jindal’s Bold Tax Reform
National Review Online, by Katrina Trinko
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Original Article
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Posted By:tisHimself, 1/23/2013 11:11:09 AM
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| If Bobby Jindal has his way, Louisiana’s personal and corporate income taxes are headed for extinction. Jindal wants the tax reform to be “revenue neutral,” and he’s exploring by how much he would have to increase the sales tax (currently 4 percent) in order to achieve that. He’s also meeting with state legislators. Louisiana’s session doesn’t start until April 8, and Jindal’s office intends by then to release a detailed plan, filling in the broad outlines that have been put forward so far.
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Reply 1 - Posted by:
Redneck In NY, 1/23/2013 11:17:36 AM (No. 9134176)
I like it. Get rid of the state income tax in favor of higher sales tax. Ensures all the Honey Boo Boo´s pay their fair share...
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Reply 2 - Posted by:
lagniappe, 1/23/2013 1:38:39 PM (No. 9134597)
Jindal put this idea out for discussion. I like the idea, but the devil is in the details.
On area that is being discussed to requiring sales tax on all internet purchases. Car dealers are already complaining and there is a concern about adding sales tax to home purchases. State tax is at 4%, but cities have their own sales tax, so with the new increase the total sales tax could be at least 12%.
I will be interesting to see how this all works out. I assume Jindal will borrow ideas from the states that already eliminated their income tax.
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