#4 Louisiana
If you are a resident of Louisiana, you are looking at an easier time when it comes to filing your tax return at the state level. The state has made changes to its tax law at a constitutional level so that all taxpayers in the state will see a maximum individual tax rate capped at 4.75%. Before, the maximum was 6%, so the change is significant.
What’s more, the residents of this state are also no longer required to make federal income tax deductions from their state ones. only good news for Louisiana residents.
Last spring I heard the our state (Maryland) had passed legislation giving retirees a break on income taxes. I have yet to find out what that break is.
Well I am waiting to see what the rate for retirees. It’s crazy that they want to take away our hard earned money, working 50-60 hrs per week and save in a IRA now they are going to raise taxes to take care of illegals. Something is NOT right with this picture. It’s OUR money, not the governments.
Although, I do not make a big salary on my job, but, I am affected bytax prices. I will never vote for Dem’s.
I need more info please?
Just another way for the wealthiest of us to keep their money! If you want to impress me with tax break maybe cut the ridiculously high property tax’s in Iowa. Property taxes should not be a bigger monthly payment then your mortgage principle balance but it is?