EPISODE · Jun 24, 2019 · 14 MIN
How Louisiana Taxes Retirees
from The Josh Scandlen Podcast · host Josh Scandlen
Louisiana is very favorable tax-wise for retirees. State and local income tax burden is among the lowest in the nation. With lots of exemptions added to the mix too and even some of your IRA distributions are free from taxation as well. Property tax is all of .51% and with median housing values only $143k you're just not going to pay much in property tax in LA. However, the sales tax they get you. 10% all in sales tax! That's literally the highest in the nation. But you can easily pay that tax with the money you save on low property and income taxes indeed! Oak RIdge BOys "leaving Lousiana" https://www.youtube.com/watch?v=zbl7tSluOrU
What this episode covers
Louisiana is very favorable tax-wise for retirees. State and local income tax burden is among the lowest in the nation. With lots of exemptions added to the mix too and even some of your IRA distributions are free from taxation as well. Property tax is all of .51% and with median housing values only $143k you're just not going to pay much in property tax in LA. However, the sales tax they get you. 10% all in sales tax! That's literally the highest in the nation. But you can easily pay that tax with the money you save on low property and income taxes indeed! Oak RIdge BOys "leaving Lousiana" https://www.youtube.com/watch?v=zbl7tSluOrU
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How Louisiana Taxes Retirees
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