The high property and regressive sales taxes Texans fork over mean that all but the luckiest of us pay a higher effective tax rate than Californians. Texas California GregAbbott taxes incometax
In Texas, if your household earns less than $55,000 a year, for example, more than 10% of what you make heads to the state capitol. If you're in the richest 1%, only 3% does.guess the trouble was we Americans didn't have any self-admitted proletarians. Everyone was a temporarily embarrassed millionaire."Cutting Texans' exorbitant property taxes has emerged as the atypically bipartisan watchword of the governor's race.
For some reason unknown to the four U.S. Supreme Court justices who dissented in 1973's precedent-setting, Texas chose to draw the bulk of its local school funding from taxes on nearby properties. That's great if you happen to live next to multimillion dollar real estate. It's less than great if you live in Section 8 housing. To the five justices in the majority, the Equal Protection Clause was an old American term meaning"you're on your own.
Maybe because not fixing the problem allows the GOP to sing its favorite tune whenever there's a budget surplus around election time:"This is your money; you should decide how best to spend it." Except, dearest leaders, we chose to give you that money so you could keep the lights on, keep the air and water clean and keep the schoolchildren semi-literate and semi-cognizant of U.S. history.
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