A new report by the Tax Foundation warns that high state sales taxes can lead to reduced consumer spending and fewer businesses. That’s bad news for Louisiana, where the combined state and local sales tax rate is the third highest in the nation, trailing only Tennessee and Arizona.
Louisiana’s Sales Taxes are Third Highest in the Nation Read More »
According to data released by the Institute on Taxation and Economic Policy in their report, “Who Pays? A Distributional Analysis of the Tax Systems in All 50 States,” middle and lower class families in Louisiana pay twice as much of their incomes in taxes as the wealthy under the state’s current tax structure.
Middle and Lower Class Louisianans Pay Twice As Much of their Income in Taxes Read More »
A new report finds that Louisiana ranks among the worst states for income inequality, and that inequality has grown faster in Louisiana than in most other states since the late 1990s.
The average income of Louisiana households in the richest 20 percent was 8.8 times greater than incomes in the poorest 20 percent of households in the late 2000s, according to the new study by the Center on Budget and Policy Priorities (CBPP) and the Economic Policy Institute (EPI). That’s the sixth highest in the country, trailing only New Mexico, Arizona, California, Georgia and New York.
Pulling Apart: Income Inequality Worsening in Louisiana; Shared Prosperity at Risk Read More »
More than 240,000 working Louisianans would gain health coverage in 2014 if the state were to take advantage of an historic opportunity to expand its Medicaid program. The vast majority of the cost—93 percent over the first decade—would be paid by the federal government, making it an excellent deal for the state.
Medicaid Expansion: An Opportunity to Invest in Louisiana’s Workforce Read More »
