this post was submitted on 31 Jul 2023
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Politics
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Low taxes
No income tax but more overall taxes than California.
I don’t think so. Maybe for very low income people.
The Institute on Taxation and Economic Policy thinks so. They rate Texas as the second most unfair taxation policy in the country, with the lowest 20% of incomes paying 13% of their income in taxes, over two percentage points higher than in California.
In fact the only ones who do better in Texas are -- to the surprise of literally no one -- the top 1%.
The only source I could find that tried to argue differently was The Tax Foundation, which is primarily founded by corporate interests including the Koch Brothers and has a history of advocating for right-libertarian economic policies.
Are they tho... Just because there is no income tax doesn't mean they don't fleece you else where lol
Ya my property taxes suck. Time will tell, i am soon to move states to one with an income tax - but it’s supposed to be less taxed in total.
I respect the appreciation of the nuance. People need to start doing holistic calculations instead of just going off propaganda.
These things are too personal for over generalized political points to work. I am sure for some Texas is lower tax state tho, just likely have to be upper income brackets with cheap property for that scenario to pay out.
Low income taxes usually benefit the upper middle class, and often mean higher sales taxes, which incrementally penalize lower income citizens. So it’s perfect for red states.
My brother lives in Texas and his property taxes are astronomical. I think that's better than higher sales taxes since it'll tend to favor those who are wealthy enough to own land and be higher for those with more property/properties, but it still shocked me. I live in Washington, though, we get the shit taxed out of us and in pretty regressive ways too, like high sales and gas taxes that disproportionately impact the poor.
Yeah low taxes and low intelligence too, not to mention high bigotry and cowardice (uvalde?)