Texans weighed in on property tax cuts, cost-of-living adjustments for retired public school employees, the mandatory retirement age for judges and more during the Nov. 7 election.
Good list of everything that passed and by how much.
Property taxes are based on home values which have doubled over the last ten years, this is just relief from that. People are being priced out of their homes right now. If there was a state income tax instead revenue would have fallen due to wages not keeping up with inflation.
revenue would have fallen due to wages not keeping up with inflation.
So you’re saying that if we had an income tax, it would be in the government’s interest to promote higher wages? That sounds like the opposite of a problem.
Promote higher wages for the middle class, yes. The bottom half pay nothing anyway. You’d have to hugely increase minimum wage to make a tax difference.
Property taxes are based on home values which have doubled over the last ten years, this is just relief from that. People are being priced out of their homes right now. If there was a state income tax instead revenue would have fallen due to wages not keeping up with inflation.
So you’re saying that if we had an income tax, it would be in the government’s interest to promote higher wages? That sounds like the opposite of a problem.
Promote higher wages for the middle class, yes. The bottom half pay nothing anyway. You’d have to hugely increase minimum wage to make a tax difference.