AUSTIN, TEXAS — In the last week, Yahoo Finance released scores grading the U.S. tax burden across all 50 states, and their report gave Texas a failing grade, and Big League Politics explains.
In a graphic released by Yahoo, the tax burden (state taxes, exlcuding federal) is depicted on a scale from 1-50 (with 1 being the best and 50 being the worst).
It is reproduced here for readers:
In short, Yahoo arrived at its findings by using Wallethub’s new study that cites ROI — “return on investment” — as the appropriate assessment of taxation’s impact on residents living in a state jurisdiction.
As Wallethub’s study explains:
… low income taxes don’t always mean low taxes as a whole. For example, while the state of Washington’s citizens don’t pay income tax, they still end up spending over 8% of their annual income on sales and excise taxes. Texas residents also don’t pay income tax, but spend 1.83% of their income on real estate taxes, one of the highest rates in the country. Compare these to California, where residents owe almost 5% of their income in sales and excise taxes, and just 0.77% in real estate tax.
In fact, Texans pay around $3,500 of their income into property taxes annually, and a full $3,800 into sales tax. Annual local and state taxes, when crosschecked against median household income, show that Texans spend approximately $7,300 per year total; contrast that with California, supposedly the “big, bad, socialist” state, and they only pay around $5,500 per year.
So, what can readers conclude? The sad truth is, Texas, is not the conservative, Frederick Hayek and Adam Smith-loving, laissez-fare, supply-side, trickle-down wonderland that we’ve been told for years it is. It’s economy may be better, and there may be better entry-level incentives for earners and job-creators, but that is not a complete picture where it concerns taxation and the pound of flesh it exacts from citizens.
Otherwise reliable scorecards, e.g. like the “Tax Climate Index” put out by the Tax Foundation, deceivingly award high rankings to states with low income tax rates, but neglect to proportionately weight property tax as a significant burden on citizens in those states. In fact, states with property tax regimes are actually less free and investors are less anchored (leveraged) in those jurisdictions as a result — since no property is ever really “owned,” but rather, leased from back from the state.
Furthermore, there is a serious reduction in real income, wherever property tax regimes exist — and Texas has one of the most bloated and out-of-control, with multiple attempts at reform shut down by liberal, establishment Republicans in the Texas legislature, after they pandered to voters with the usual “low tax” tropes.
Heritage Foundation reported today, April 15th, that:
The Texas legislature is considering two pieces of legislation (Senate Bill 2 and Senate Joint Resolution 76) which aim to reduce local property tax burdens. SB 2 would cap property tax levy increases at 2.5 percent, while SJR 76 aims to mitigate property taxes by shifting part of the burden to sales taxes instead. Leaders are likely considering this tax swap in addition to the cap as a strategy to address voters’ complaints about property taxes.
ROI is also much lower in states with cripplingly high property taxes.
University of Pennsylvania Workers Overwhelmingly Support the Democrat Party
From Top to Bottom Universities are in the Tank for Democrats
Employees at the University of Pennsylvania are overwhelmingly in the tank for the Democrat Party.
Ophelia Jacobson of Campus Reform reported that University of Pennsylvania employees contributed to Democrat candidates, campaigns, and organizations between 2019 and 2020. Campus Reform was able to gather the data by turning to the Federal Election Commission.
Per the Campus Reform analysis, a whopping 97.6 percent of campaign contributions in 2019 and 2020 made by Penn instructors, staff, and administrators were sent to “Democratic organizations, candidates, and their campaigns.” Some of these groups and causes included ActBlue, Win the Era PAC, Biden for President, and MoveOn Political Action.
To get more specific, of the 715 donations that Penn faculty members made, just 11 were sent to Republican candidates, institutions or campaigns. This number represented 1.5 percent of campaign contributions pitched in by faculty members. The remaining 98.4 percent of donations were sent to Democrat causes.
Staff contributions showed similar trends. 97.6 percent of contributions were sent to Democrat campaigns, candidates, or organizations, whereas 2.4 percent were sent to Republicans.
Penn administrators donated 731 times during the time-frame of 2019 and 2020. Curiously, 21 of those 731 contributions (2.8 percent) were only made to Republican causes and the remainder (97.1 percent) were sent to Democrat causes.
This analysis reported that ActBlue was the principal organization that Penn workers donated to as far as Democrats institutions were concerned. In contrast, WinRed was the largest recipient of donations of all the Republican organizations.
Just another case of an American institution of higher learning being filled with leftist staff across the board. Let’s face it, universities are a magnet for the Left and work to perpetuate such a political paradigm.
Conservatives should take note. These institutions and the drones who work for them are the enemy. In light of this, the Right should aim to defund public universities and make sure to attend alternative educational institutions if possible. These institutions do not deserve a single penny from right wingers.
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