Why Louisiana Stays Poor (Cameron: mineral rights, sales, 2015)

[slowlane3]

A very revealing video, made in Nov. 2018, shows how the State of LA gives oil, gas, and chemical corporations huge tax-writeoffs, while its demographic metrics remain among the lowest in the nation. Texas, by contrast, taxes them much higher.

you think this is wrong, sign a petition at https://www.togetherla.org/taxfairness


https://www.youtube.com/watch?v=RWTic9btP38

[rgathrights]

Are you advocating that Louisiana charge higher property taxes to pull in more revenue to help assist with the needs to its citizens?


If so then please post with your real name rather than hide behind an anonymous profile.

[eddie gein]

Originally Posted by rgathrights

Are you advocating that Louisiana charge higher property taxes to pull in more revenue to help assist with the needs to its citizens?


If so then please post with your real name rather than hide behind an anonymous profile.

It was very interesting to me as an Oklahoman as we are an oil and gas state as well. Oklahoma is a state who suffers many of the same problems as Louisiana and deals with their cooperate landowners in a similar fashion.

Assuming the information presented is accurate, Louisiana is the run away number one state as far as cooperate tax breaks are concerned. In turn, you'd expect that corporations would be breaking the proverbial doors down to move to Louisiana. Yet most corporations would hedge in part because of the so called "quality of life" issues which are to some degree reflected by the state's own tax base.

[rgathrights]

Originally Posted by eddie gein

It was very interesting to me as an Oklahoman as we are an oil and gas state as well. Oklahoma is a state who suffers many of the same problems as Louisiana and deals with their cooperate landowners in a similar fashion.

Assuming the information presented is accurate, Louisiana is the run away number one state as far as cooperate tax breaks are concerned. In turn, you'd expect that corporations would be breaking the proverbial doors down to move to Louisiana. Yet most corporations would hedge in part because of the so called "quality of life" issues which are to some degree reflected by the state's own tax base.

Oklahoma does not require mineral rights owners who are separated legally from the surface rights to drill every ten years to maintain ownership. In Louisiana, mineral rights default to the current surface rights owner unless the property was adjudicated, after ten years. As a result, many speculative oil drillers avoid Louisiana. Oklahoma is paying for this lucrative corporate oil friendly taxation through the new fracking earthquakes that are destroying homes across the state.







Another reason Louisiana stays poor because of our Napoleonic code which requires specialized legal training for lawyers to practice here. Our tax code situation can be attributed to our legal system

[cBach]

Originally Posted by rgathrights

Are you advocating that Louisiana charge higher property taxes to pull in more revenue to help assist with the needs to its citizens?


If so then please post with your real name rather than hide behind an anonymous profile.

Why don't you post your real name instead of hiding behind an anonymous profile?

This article is 100% correct. All they need to do is not give as much tax exemptions (99.99% come on) and that would cause many communities to become wealthy. We would have great roads, schools, and bridges. We could double the salaries of teachers if the LNG plants only had taxable income on 1% of their assets instead of 0.1%. Now imagine if we taxed based on the full value $12 billion? Cameron Parish would be able to give paychecks to all its citizens.

[rgathrights]

Originally Posted by cBach

Why don't you post your real name instead of hiding behind an anonymous profile?

rgathrights is short Reuben Carr Gathright



Need my phone number?

[2ner]

Originally Posted by rgathrights

Another reason Louisiana stays poor because of our Napoleonic code which requires specialized legal training for lawyers to practice here. Our tax code situation can be attributed to our legal system

Years ago, I applied for admission into Tulane Law School and got in, but ultimately chose a different path. Tulane had a dual track system... one for those who expected to practice law in Louisiana and another for those who planned to leave the state. In terms of time commitment and cost, the two tracks were equal.

Unlike Common Law, which relies on case precedent, legal decisions in Louisiana are set/bounded by codified law--i.e., the Louisiana Civil Code. All Louisiana needs to do to change the situation regarding tax exemptions is to change the law. This task rests in the hands of state legislators who, in turn, were (and are) elected by Louisiana voters. You are probably right... because legal decision making is nearly entirely in the hands of legislators (via the Code), there has been little challenge to the corporate tax exemption situation by state courts.

[Klassyhk]

Originally Posted by rgathrights

rgathrights is short Reuben Carr Gathright



Need my phone number?

The majority of posters on C-D, do not use their real names when posting here. Maybe the posters were saying why don't you use your regular C-D name to post under instead of creating a new name to post?
I'm not sure if that's their take, I'm just taking a guess.

Otherwise, I don't know why that was brought up as a problem with your post. Regardless of what username you used, the content of your post is what people should have focused on. You've brought up a good point.
IMO, one of the reasons this state remains poor - the majority are focused on minor issues. Meaningless crap. Meanwhile, the major issues never get addressed nor successfully resolved.

[brownbagg]

Originally Posted by rgathrights

If so then please post with your real name rather than hide behind an anonymous profile.

why?

[slowlane3]

Originally Posted by rgathrights

Are you advocating that Louisiana charge higher property taxes to pull in more revenue to help assist with the needs to its citizens?


If so then please post with your real name rather than hide behind an anonymous profile.

Mr. Gathright - This has nothing to do with homeowners, or sales taxes. The issue is corporate taxes. I can only conclude, you must be an executive of an oil, gas, or chemical corporation.

Just for starters, on the bar graph in the video, why is Louisiana such an extreme outlier from the other 49 states in its exemption of corporate taxes?