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Louisiana R 1055 Form

Louisiana R 1055 Form

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could Louisiana get rid of income tax it's on the minds of state legislators and on the agenda at a meeting this week representative Richard Nelson of Mandeville is asking the house Ways and Means Committee to quote study the state's tax structure and make recommendations concerning eliminating individual and corporate income tax so what does that mean for you the Louisiana Department of Revenue has tax brackets from 1.85 for those who make under 25 000 a year up to 4.25 percent for those who make over one hundred thousand dollars and if representative Nelson gets his wish they could go away entirely but don't get too excited he'd like to see that funding replaced by locally administered property taxes the goal here is to compete with our close neighbors Texas and Florida which do not tax income they do collect higher property taxes overall and higher sales and use taxes Texas imposes a 6.25 state sales tax Florida has a six percent General state sales t

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