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For businesses, the corporate income tax rate will drop from 7.5% to a flat 5.5%, and the state franchise tax will be eliminated entirely. Originally, Landry's plan proposed a rate of 3.5%.
The disproportionate division of household unpaid labor that falls on women negatively impacts their ability to navigate life outside their homes. Their undertaking of unpaid labor is a barrier to entry into the paid employment sector or in the case of those women who enter paid labor they still are left with a "double-burden" of labor. [32]
But to offset the loss of income tax revenue Landry is proposing making permanent a 0.45-cent sales tax set to expire in 2025 and adding sales tax to hundreds of services like car washes ...
Republican Gov. Jeff Landry's goal to repeal or reduce the Louisiana income tax and simplify the state's convoluted tax code will have to wait until at least next year after Legislative leaders ...
Louisiana has the fourth lowest per capita income in the United States of America, at $16,912 (2000). Its personal per capita income is $26,100 (2003). Louisiana parishes ranked by per capita income
The median income for a household in the parish was $38,887, and the median income for a family was $44,071. Males had a median income of $36,508 versus $22,325 for females. The per capita income for the parish was $16,282. As of August 2001, about 43,800 people were employed in the parish. The unemployment rate was 4.8%.
Louisiana Governor Jeff Landry has called a Special Session on November 6 to overhaul the state's tax system including income and sales tax rates.
An estimated 1,120 businesses operated in the parish, and the median household income was $43,396; the mean income was $61,465. [17] The parish had a 52.6% employment rate, and 24.2% of the total population lived at or below the poverty line in 2019.