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Texas Taxes

Posted by Texas Education on June 17, 2008

The Best Choice for a Prosperous Texas: A Texas-style Personal Income Tax

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Author:
Dick Lavine /(512) 320-0222 x 101

October 1, 2006

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This policy brief explains why a Texas-style personal income tax is the best way to meet the needs of Texas. Only a personal income tax can significantly reduce reliance on property taxes – cutting the school operations tax to as low as 20 cents per $100 of valuation – while providing over $5 billion annually for education. The expanded business tax cannot raise enough money. A higher sales tax would be volatile and regressive. An income tax would reduce taxes on the middle class and benefit the economy. Public opinion polls show that Texans are open to considering a Texas-style income tax.

STATE INCOME TAX PAYMENTS ARE DEDUCTIBLE FROM THE FEDERAL INCOME TAX

State income tax payments are deductible from taxable income in calculating federal income taxes. Deductibility shifts part of the cost of public education to the federal government.

MOST TEXAS FAMILIES, INCLUDING THE MIDDLE CLASS, WOULD PAY LESS IN TAXES WITH AN INCOME TAX

Ok, so you tell me, how can we go wrong with this??? I’m from Missouri, in Missouri we had a state tax, and as hard as it was to pay that each year, with the federal taxes, we did it, and it wasn’t that difficult. And being here, if I knew it was helping our schools, hospitals, roads, yes, and even our jails, I would be ALL for it.

This information is from the website CPPP – Center for Public Policy Priorities – check them out! They are also a part of something called KIDS COUNT. “This is something I can get on board with.”

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