Texas is a model for what a Republican nation would look like. High regressive taxes for all… except the elite rich. Basically the anti-Robinhood. Take from the middle class and poor give to the rich. Unless you’re rich you pay more taxes than liberals of California.
How many of you right wingers actually look before you leap?
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Those coming to Texas for a tax break may want to turn around if they are not in the top 1 percent of earners.
This graphic is of data from the sixth edition of the Institute of Taxation and Economic Policy's "Who Pays" series, which tracks tax data for all 50 states and Washington, D.C. The last time the nonprofit released data was in 2018, but it is expected to release updated findings later this year.
Texans in the bottom 20 percent of income earners — those earning less than $20,900 — pay 13 percent of their income in state and local taxes, while those in the top 1 percent of income earners — those earning $617,900 or more — pay only 3.1 percent.
In California, the bottom 20 percent of income earners — those earning less than $23,200 — pay 10.5 percent in state and local taxes, while the top 20 percent — those earning $714,400 or more — pay 12.4 percent.
How many of you right wingers actually look before you leap?
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Data: Texas doesn't have a state income tax, but most residents pay more in taxes than Californians
A 2018 graphic on Reddit suggests Texans pay more taxes than Californians.
www.houstonchronicle.com
Those coming to Texas for a tax break may want to turn around if they are not in the top 1 percent of earners.
This graphic is of data from the sixth edition of the Institute of Taxation and Economic Policy's "Who Pays" series, which tracks tax data for all 50 states and Washington, D.C. The last time the nonprofit released data was in 2018, but it is expected to release updated findings later this year.
Texans in the bottom 20 percent of income earners — those earning less than $20,900 — pay 13 percent of their income in state and local taxes, while those in the top 1 percent of income earners — those earning $617,900 or more — pay only 3.1 percent.
In California, the bottom 20 percent of income earners — those earning less than $23,200 — pay 10.5 percent in state and local taxes, while the top 20 percent — those earning $714,400 or more — pay 12.4 percent.