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The original was posted on /r/neutralpolitics by /u/canekicker on 2023-04-21 16:03:38+00:00.

State Representative Richard Nelson is running for governor in Louisiana. One of his campaign platforms is getting rid of the individual income tax for our state, stating :

As a legislator, I advanced the first bill to eliminate Louisiana’s income tax so that we can compete with states like Texas, Florida, and Tennessee that so many Louisianans have fled to for more opportunity. My tax plan is a comprehensive restructuring of the tax code, eliminating many loopholes and exemptions, to pay for the elimination of the income tax.

https://www.nelsonforla.com/solutions

Beyond what was mentioned on Nelson’s campaign site, what else have other states used to replace revenue from income tax and what kind of impact have they had on State revenue?

How does such a change impact long term forecasting/budgeting? In other words, will increased sales and property taxes cause more variance in state revenues from year to year making it harder to predict revenues years down the line?

This is a mod rework of a user submission