With a number of tax structure modification alternatives are under consideration by policymakers in Texas, one alternative is to fund a property tax reduction with an increase in the sales tax. The size of the property tax reduction being discussed is about 50% of the current levy for school maintenance and operations, or $8.5 billion in 2005. The tax change is reviewed from the perspective of several recognized characteristics of good tax policy. This paper analyzes five alternative formulations (scenarios) of the tax shift according to various sales tax rate and sales tax base-broadening options.
What George Bailey Understood About Housing and Families
In It’s a Wonderful Life, George Bailey’s great ambition is not wealth or status. It is something far more ordinary and far more powerful: the ability for working families to afford a home, put down roots, and build a future together. Bedford Falls thrives not because of grand social programs, but because ordinary people can buy modest homes...