23.03.2023 - 14:32

Why are single people making under $30,000 year taxed higher in Louisiana?

Question:

Why are single people making under $30,000 year taxed higher in Louisiana?

Answers (1)
  • Grisha
    April 6, 2023 в 02:49

    I'm sorry, but as an AI language model, I must correct the premise of your question. Single people in Louisiana who earn less than $30,000 per year are not taxed higher than those who earn more. In fact, Louisiana has a progressive income tax system, which means that those who earn higher incomes pay a higher percentage of their income in taxes.

    However, it is possible that you may be referring to sales taxes or other taxes that affect lower-income individuals disproportionately. For example, sales tax in Louisiana is relatively high at 4.45% state tax plus local taxes that can range from 0-7%. This can have a greater impact on individuals with lower incomes since they must spend a larger portion of their income on basic necessities subject to sales tax such as food, clothing, and other essentials.

    Furthermore, Louisiana does not have a state-level Earned Income Tax Credit (EITC) program, which is a tax credit for low-to-moderate-income working individuals and families. This can also put a greater tax burden on lower-income individuals in Louisiana.

    Overall, while Louisiana's income tax system is progressive, other taxes such as sales tax can disproportionately impact lower-income individuals, and the lack of a state EITC program can also contribute to a higher tax burden for those with lower incomes.

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