Analysis Shows Tax Burden for Individuals, Families Drops Under Governor Jindal’s Tax Plan - Governor Bobby Jindal

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Mar 14, 2013
Analysis Shows Tax Burden for Individuals, Families Drops Under Governor Jindal’s Tax Plan

BATON ROUGE – The Jindal Administration released an analysis today that shows the tax burden for individuals and families will drop under Governor Jindal’s plan to eliminate income taxes.

Under the plan, taxpayers with incomes of $20,000 or lower, will be eligible for the Family Assistance Rebate Program (FARP). FARP compensates low income households based on the impact of the increased sales tax over any benefit from the reduction of income taxes.

Estimated per capita tax burden impact
Estimated per capita tax burden impact		Less than $20,000	$20,000 to $29,999	$30,000 to $39,999	$40,000 to $49,999	$50,000 to $69,999	$70,000 to $79,999	$80,000 to $99,999	$100,000 and more
Individual filers	Current system ($)	191	640	1,042	1,386	1,822	2,428	2,970	7,280
	Tax Reform ($)	173	385	477	569	696	844	973	2,126
	Net Benefit ($)	(18)	(255)	(565)	(817)	(1,127)	(1,584)	(1,997)	(5,154)

Joint filers	Current system ($)	220	481	820	1,185	1,701	2,222	2,749	6,769
	Tax Reform ($)	195	465	639	730	869	1,006	1,140	2,225
	Net Benefit ($)	(25)	(16)	(182)	(455)	(832)	(1,216)	(1,609)	(4,544)

Source: LDR estimates based on Consumer Expenditure Survey data from Bureau of Labor Statistics

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