Table 3
Louisiana Taxes as a Percentage of the Southern Average
|
|
Before Inventory Tax Credit is Deducted |
After Inventory Tax Credit is Deducted 1 |
|
||||||
|
Louisiana Firm |
Total State/Local |
Property Tax 2 |
Sales Tax |
Income Tax |
Franchise Tax |
Income Tax |
Franchise Tax |
Federal Income Tax |
Total Tax |
|
Average Manufacturer |
122% |
133% |
304% |
100% |
203% |
6% |
203% |
100% |
108% |
|
Capital-Intensive Manufacturer |
134% |
120% |
359% |
99% |
200% |
34% |
200% |
99% |
114% |
|
Labor-Intensive Manufacturer |
104% |
158% |
251% |
101% |
202% |
0% |
48% |
101% |
102% |
|
No-Profit Manufacturer |
136% |
134% |
305% |
0% |
278% |
0% |
0% |
0% |
136% |
|
High-Debt Manufacturer |
124% |
134% |
305% |
100% |
219% |
6% |
219% |
100% |
108% |
|
Retail Firm |
97% |
152% |
108% |
100% |
223% |
0% |
7% |
101% |
99% |
|
Wholesale Firm |
93% |
158% |
100% |
100% |
198% |
0% |
100% |
101% |
99% |
1. The inventory tax credit is shown deducted first from the income tax and then from the franchise tax.
2. The property tax figure includes the tax paid on inventory.