Post by pavel on Jan 20, 2016 23:17:01 GMT -6
John Bel Edwards proposal would push Louisiana's average sales tax rate to highest in the country
Louisiana would have the highest combined state and average local sales tax rate in the country if Gov. John Bel Edwards' proposed budget fixes go through next month.
At 9.1 percent, Louisiana currently has the third highest sales tax rate, when the state and local sales tax levies are taken into account, according to The Tax Foundation. And Edwards has proposed adding another penny to the sales tax starting April 1, meaning the combined local and state sales tax would jump to an average of 10.1 percent.
No other state has a combined sales tax over 10 percent currently. Tennessee comes closest, with a 9.46 percent rate.
Increasing the sales tax wasn't necessarily Edwards first choice for a source of revenue. Sales tax hikes tend to hurt poor people more than others, since people who are poor spend a larger share of their income on purchasing items.
Read more: www.nola.com/politics/index.ssf/2016/01/john_bel_edwards_proposal_woul.html#incart_most-comments
Louisiana would have the highest combined state and average local sales tax rate in the country if Gov. John Bel Edwards' proposed budget fixes go through next month.
At 9.1 percent, Louisiana currently has the third highest sales tax rate, when the state and local sales tax levies are taken into account, according to The Tax Foundation. And Edwards has proposed adding another penny to the sales tax starting April 1, meaning the combined local and state sales tax would jump to an average of 10.1 percent.
No other state has a combined sales tax over 10 percent currently. Tennessee comes closest, with a 9.46 percent rate.
Increasing the sales tax wasn't necessarily Edwards first choice for a source of revenue. Sales tax hikes tend to hurt poor people more than others, since people who are poor spend a larger share of their income on purchasing items.
Read more: www.nola.com/politics/index.ssf/2016/01/john_bel_edwards_proposal_woul.html#incart_most-comments