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Old 12-13-2009, 12:13 PM
 
1,314 posts, read 2,985,446 times
Reputation: 943

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Not a pretty picture (http://www.statesman.com/search/content/business/stories/other/2009/12/12/1212salestaxes.html - broken link):
Quote:
Texas collected $1.7 billion in sales taxes last month, down 14.4 percent from November 2008. It was the tenth month in a row of year-over-year declines and the sixth consecutive month of double-digit percentage drops.

State Comptroller Susan Combs said Friday that collections were down in all categories, including retailing, oil and gas production and construction.
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Old 12-13-2009, 12:40 PM
 
47,573 posts, read 60,631,888 times
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I believe they'll find any way they can to squeeze the working taxpayers. They don't seem very inclined to cut any of the big giveaway spending programs.
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Old 12-13-2009, 12:58 PM
 
Location: Katy,TX.
3,508 posts, read 7,060,453 times
Reputation: 3228
I would be willing to trade paying state Income taxes for lower property taxes....JMHO
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Old 12-13-2009, 02:32 PM
 
1,314 posts, read 2,985,446 times
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Quote:
Originally Posted by usc619 View Post
I would be willing to trade paying state Income taxes for lower property taxes....JMHO
A California-style 8% state income tax would probably cover any shortfalls in sales tax receipts.
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Old 12-13-2009, 02:36 PM
 
Location: Central Texas
20,413 posts, read 37,807,118 times
Reputation: 22560
NO INCOME TAX! If you want an income tax, move to a state that has one, okay? Please, please, PLEASE don't try to change the way Texas does business to suit the way wherever you escaped here from does business.

There's reasons that we're doing better than a lot of other places during this economic disaster. Think about it.
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Old 12-13-2009, 03:05 PM
 
47,573 posts, read 60,631,888 times
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They aren't going to lower property taxes if they impose a state income tax. The whole point is to get more of your money, not a different way of getting it. They pretty much want access to your entire income and all your property because they can never get enough and don't intend to cut spending because that isn't politically expedient -- not with the new demographics which demands much from the govenrment.
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Old 12-13-2009, 04:14 PM
 
Location: Purgatory (A.K.A. Dallas, Texas)
5,010 posts, read 13,176,750 times
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Quote:
Originally Posted by malamute View Post
They aren't going to lower property taxes if they impose a state income tax.

This.
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Old 12-13-2009, 04:17 PM
 
Location: Texas
43,552 posts, read 52,658,619 times
Reputation: 70801
No. No state income tax. I think voters will come out in droves (and with guns) to keep this from happening.
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Old 12-13-2009, 05:15 PM
 
Location: Katy,TX.
3,508 posts, read 7,060,453 times
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Quote:
Originally Posted by Zhang Fei View Post
A California-style 8% state income tax would probably cover any shortfalls in sales tax receipts.
Agreed
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Old 12-13-2009, 05:29 PM
 
Location: Central Texas
20,413 posts, read 37,807,118 times
Reputation: 22560
Quote:
Originally Posted by stan4 View Post
No. No state income tax. I think voters will come out in droves (and with guns) to keep this from happening.
Absolutely!
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