The Best Choice for a Prosperous Texas: A Texas-Style Personal Income Tax. Policy Brief No. 2

Institution	Center for Public Policy Priorities (CPPP)
Titel	The Best Choice for a Prosperous Texas: A Texas-Style Personal Income Tax. Policy Brief No. 2
Quelle	(2006), (8 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Educational Finance; Taxes; Middle Class; Income; Public Education; Tax Rates; Constitutional Law; State Legislation; Economic Development; Kansas; Texas + Suchen Sie Ihr Suchwort? Bildungsfonds; Abgabe; Mittelschicht; Einkommen; Öffentliche Erziehung; Steuergruppe; Staatsrecht; Landesrecht; Wirtschaftsentwicklung
Abstract	Part one of this trilogy of policy briefs explains the challenge facing Texas in funding public education. 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 from $1.50 to $0.50--while providing adequately for education--over $5 billion annually. Alternative tax proposals are not able to reduce property taxes as much or fund public education as well. An expanded business tax by itself 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. (ERIC).
Anmerkungen	Center for Public Policy Priorities. 900 Lydia Street, Austin, TX 78702. Tel: 512-320-0222; Fax: 512-320-0227; Web site: http://www.cppp.org/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10