At one point during last night’s Democratic debate, Hillary Clinton argued that Bernie Sanders has overestimated the benefits and underestimated the costs of his Medicare-for-all plan on the average American household....
The facts on Louisiana’s Tax Climate
6%individual income taxTop rate
8%corporate income taxTop rate
$793property taxcollections per capita
Louisiana's Individual Income Tax System
Louisiana's personal income tax system consists of three brackets and a top rate of 6%. That rate ranks 19th highest among states levying an individual income tax. Louisiana's state and local income tax collections per person were $539 in 2012 which ranked 12th lowest nationall2
50-State Table of Individual Income Tax Rates
50-State Table of State Individual Income Tax Collections
50-State Table of State and Local Individual Income Tax Collections Per Capita
Louisiana's Corporate Income Tax System
Louisiana's corporate income tax system consists of five brackets and a top rate of 8%. That rate ranks 13th highest among states levying a corporate income tax. Louisiana's state and local corporate income tax collections per person were $63 in 2012 which ranked 10th lowest nationally.
50-State Table of Corporate Income Tax Rates
50-State Table of State and Local Corporate Income Tax Collections Per Capita
50-State Table of State Corporate Income Tax Collections Per Capita
Louisiana Sales and Excise Taxes
Louisiana levies a 4% general sales or use tax on consumers, which is below the national median of 5.95%. The average local sales tax rate is an additional 4.91%. Louisiana's state and local governments collect $1451 per person in general sales taxes and $526 per person in excise taxes, for a combined figure of $1977, which ranks 6th highest nationally. Louisiana's gasoline tax stands at 20¢ (10th lowest nationally), while its cigarette tax stands at $0.36 (3rd lowest nationally.)
50-State Table of State and Local General and Selective Sales Tax Collections Per Capita
Louisiana Property Tax Collections Relatively Low
Louisiana's state and local governments collected approximately $793 per person in property taxes in 2012, which ranks 8th lowest nationally.
State and local property tax collections per capita by state
Tax Freedom Day Arrives on March 30th in Louisiana
Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2014, Louisiana taxpayers worked until March 30th (earliest nationally) to pay their total tax bill. The Tax Freedom Days of neighboring states are: Texas, April 13th (ranked 19th earliest nationally); Arkansas, April 12th (ranked 17th earliest nationally); and Mississippi, April 2nd (ranked 2nd earliest nationally).
Louisiana's State and Local Tax Burden Below National Average
Louisiana's 2011 tax burden of 7.6% ranks 5th lowest out of 50 states, and is below the national average of 9.8%. Louisiana's taxpayers pay $2872 per capita in state and local taxes.
Louisiana's State-Local Tax Burden, 1977-Present
Other States' State/Local Tax Burdens
Map of U.S. Showing all State's Burdens and Ranks
Historical Chart Comparing All States' State/Local Tax Burdens from 1977 to 2009
Louisiana's 2015 Business Tax Climate Index Ranks 35
Louisiana ranks 35th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: Texas, 10th, Arkansas, 39th, and Mississippi, 18th.
State Business Tax Climate Index (full study)
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