Currently, Texas has a sales tax of 6.25%. This tax is above the “median” sales tax of 5.95% making it one of the highest sales taxes in the country. Alongside a high sales tax, Texas also has a high property tax. It is said that Texas receives about $1559 of property tax from each person. Texas is considered to be within the top fifteen for the highest property tax (Tax Foundation). Due to the fact that Texas lacks income tax, the state must rely on higher taxes in other areas. Dale Craymer, president of the business-backed Texas Taxpayers and Research Association explains how Texas compensates for the lack of an income tax by saying, “the way Texas has balanced it out is with lower-than-average spending, higher-than-average property taxes and higher-than-average sales taxes.” (Batheja). If Texas implemented income tax, the rate of these taxes would lower resulting in more reasonable
Currently, Texas has a sales tax of 6.25%. This tax is above the “median” sales tax of 5.95% making it one of the highest sales taxes in the country. Alongside a high sales tax, Texas also has a high property tax. It is said that Texas receives about $1559 of property tax from each person. Texas is considered to be within the top fifteen for the highest property tax (Tax Foundation). Due to the fact that Texas lacks income tax, the state must rely on higher taxes in other areas. Dale Craymer, president of the business-backed Texas Taxpayers and Research Association explains how Texas compensates for the lack of an income tax by saying, “the way Texas has balanced it out is with lower-than-average spending, higher-than-average property taxes and higher-than-average sales taxes.” (Batheja). If Texas implemented income tax, the rate of these taxes would lower resulting in more reasonable