Connect with us

News

Many Think Texas Is A Conservative Shangrila. They’re Wrong. The Taxes Are Brutal.

Published

on

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:

Trending: Shipments of 20,000+ Fake US Driver’s Licenses From China Intercepted at Chicago Airport

take our poll - story continues below

RIOTS: Who do you blame for the violence on America's streets?

  • RIOTS: Who do you blame for the violence on America's streets?

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Big League Politics updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

 

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.

News

VIDEO: America First PAC Defends Marjorie Greene and Rips Her Swamp Opponent a New One

Published

on

Congressional candidate Marjorie Taylor Greene is going on offense against her Republican rival John Cowan.

Greene is currently running in Georgia’s 14th congressional district and will be facing off against Cowan during a runoff election on August 11.

Drain the DC Swamp PAC, a conservative PAC that promotes America First candidates, recently posted several messages on FB in favor of Greene.

On August 4, 2020, the PAC posted “We fully endorse Marjorie Taylor Greene for Congress for Congress and call on all patriots in Northwest Georgia to turn out for her and VOTE on August 11th. She is pro-Trump and conservative. Our nation is under attack by godless socialists who hate America and we need a fighter in Congress who will stop them. These same socialists are trying to vote in the primary to stop Marjorie Greene. We must not let that happen! Vote Marjorie Greene to save America from the radical left!”

take our poll - story continues below

RIOTS: Who do you blame for the violence on America's streets?

  • RIOTS: Who do you blame for the violence on America's streets?

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Big League Politics updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

https://www.facebook.com/DrainTheDCSwamp/posts/1820795941394889

A few days later, the PAC page attacked Cowan by declaring that “John Cowan is the SWAMP and is backed by the SWAMP.”

It noted:

John Cowan is the SWAMP and is backed by the SWAMP. He won’t stand up to the socialists. He is OK with renaming our great Georgia military bases – Fort Benning and Fort Stewart. Fort Benning trains the US Army Infantry, Airborne, and Rangers. Fort Stewart is the home of the prestigious 3rd Infantry Division.These two bases trained and deployed America’s combat soldiers all throughout the world and they are the same bases who trained the fighting men who won two world wars.Vote AGAINST sellout John Cowan.

https://www.facebook.com/DrainTheDCSwamp/posts/1823287841145699

The PAC called on voters in Georgia’s 14th district to vote against Cowan “or he will sell out to the socialists.”

Drain the DC Swamp PAC is an organization that promotes conservative policies such as “protecting life to protecting our borders, we support those who fight for traditional values, our Constitution, and our Country.”

The PAC also supports “President Trump’s vision of a government of, by, and for the people. We believe the people have the right to know what their government is doing, and support leaders who aren’t afraid to hold it accountable.”

Greene is the America First candidate in this race who will stand up for the right to bear arms and promote pro-life policies.

This is one race America First champions cannot ignore.

Continue Reading
It's time to name Antifa a terror org! Sign your petition now!


No articles were found at this time.

Trending