A sound tax system is simple to understand, not overly costly to implement, and minimizes economic distortions. Compared to other states, Texas’ current tax system can be improved by repealing property taxes and replacing the revenues with a reformed sales tax.
‘Tis the Season—for Property Taxes
The ornaments are packed away. The mailbox is filling up. The season of giving has passed into the season of paying what you owe, and just as that credit card statement is on its way from Christmas so too is the next property tax bill beginning to take shape. Tax relief promised by the Texas...