Overall, Texas’ tax burden is considered one of the lowest in the country. But that image is shattered when one considers the state’s effective business tax rate, based on Gross State Product, is the seventh highest rate in the nation. This policy perspective examines the harm that comes from relying on “business” taxes.
Taxes & Spending
Which Local Governments Want to Borrow Big this May?
On May 4, 2024, voters across Texas will go to the polls to say YEA or NAY to billions in new debt put forward by various local governmental entities. Most, if not all, of these bond proposals will put some upward pressure on people’s tax bills, so it’s important that voters keep alert as to...
April 10, 2024