Her File Edit View Go Window Help 7 ECO 232 Assignment No. 4 Proposed Louisiana Tax Reform-1 2- Edited Collaborat 125% Zoom + Add Comment Insert Table Chart Text Shape Media View The existing Louisiana state income is taxable at the following rates. See Table 1, entitled, Personal State Tax Rates and Taxable income. Table 1 Personal State Income Tax Rates And Taxable Income State of Louisiana 2012 Single, Married filing separately, Or Head of Household Married filing jointly, Qualified Surviving Spouse Taxable income Rates Rate Taxable income 2% 1 * $25,000 2% 1st $12,500 4% 2nd $75,000 4% 2nd $37,500 6% Over $100,000 Over $50,00 Source: Louisiana Department of Revenue, 2012. 4. Elimination of the state corporate income and the corporation franchise taxes. The existing corporation income tax is levied on corporation income earned within or derived from sources within the state of Louisiana. The existing Louisiana state corporate income is taxable at the following rates. Please refer to Table 2, entitled Corporate State Tax Rates and Taxable income. Her File Edit View Go Window Help 7 ECO 232 Assignment No. 4 Proposed Louisiana Tax Reform-1 2- Edited Collaborat 125% Zoom + Add Comment Insert Table Chart Text Shape Media View The existing Louisiana state income is taxable at the following rates. See Table 1, entitled, Personal State Tax Rates and Taxable income. Table 1 Personal State Income Tax Rates And Taxable Income State of Louisiana 2012 Single, Married filing separately, Or Head of Household Married filing jointly, Qualified Surviving Spouse Taxable income Rates Rate Taxable income 2% 1 * $25,000 2% 1st $12,500 4% 2nd $75,000 4% 2nd $37,500 6% Over $100,000 Over $50,00 Source: Louisiana Department of Revenue, 2012. 4. Elimination of the state corporate income and the corporation franchise taxes. The existing corporation income tax is levied on corporation income earned within or derived from sources within the state of Louisiana. The existing Louisiana state corporate income is taxable at the following rates. Please refer to Table 2, entitled Corporate State Tax Rates and Taxable income