Yarddog
Diamond Member
- Jun 13, 2014
- 17,744
- 12,025
Texas ranked 4th among low-tax statesThey called it pork Seems they always find a way to bash dem states How about Texass raising their taxes and help pay for the disaster??I don't recall republicans calling Sandy relief "welfare". What do you remember?And what did our great repub politicians call Sandy ,,,,besides not voting for aid??/ Or did you forget?During democrat administrations they call it "disaster relief" but they call it "welfare" when a republican is in office. The longer the crazy left plays the semantics game the more they look like pathetic sore losers.
The state of New York imposes the highest tax burden on its residents, while the residents of Wyoming enjoy the least tax burden, 24/7 Wall St. reported citing data from the Tax Foundation.
During the 2011 tax season, Americans paid 9.8% of their income in state and local taxes, in addition to the taxes collected by the federal government. Residents of New York paid 12.6% of their income in state and local taxes, while Wyoming collected less than 7% from its tax-payers.
States with low tax burdens often eliminated a major type of tax. States that had high tax burdens typically utilized a wide range of taxes. “High tax states tend to be those that not only have high [tax] rates but tax a lot of different things in a lot of different ways,” Lyman Stone, economist at the Tax Foundation, told 24/7 Wall St.
24/7 Wall St. compiled the lists of states with the highest and lowest tax burdens using the Tax Foundation’s analysis of state and local tax burden as a share of state residents’ income. This includes all taxes paid by residents to the state or to various localities.
Among the states with lowest taxes:
4. Texas
Taxes paid by residents as pct. of income: 7.5%
Total state taxes collected: $48.6 billion (3rd highest)
Tax burden per capita: 3,088 (8th smallest)
Income per capita: $41,269 (23rd highest)
Texas is one of a handful of states with no income tax - individual or corporate. Texas also has among the lowest gas tax rates.
These are some of the states with the highest taxes:
1. New York
Taxes paid by residents as percent of income: 12.6%
Total state taxes collected: $71.5 billion (2nd highest)
Tax burden per capita: $6,622 (3rd largest)
Income per capita: $52,417 (5th highest)
According to 24/7 Wall St., more than half of the $71.5 billion came from individual income taxes.
2. New Jersey
Taxes paid by residents as percent of income: 12.3%
Total state taxes collected: $27.5 billion (7th highest)
Tax burden per capita: $6,675 (2nd largest)
Income per capita: $54,422 (2nd highest)
According to 24/7, one of the reasons for the higher taxes could be the state's "considerable debt burden of $7,328 per capita, the fifth highest in the U.S
Yet Texas ranks 2nd in Federal tax collected by state. Could be thats because they have a more active an growing economy than other places even though individuals pay less.
Of course Democrats are all about socking it to the Individual (code word for racist) who works rather than just have their state pay its fair share in Taxes when looking at the bottom line. Its akin to Democratic Senators believing the Island of Guam can flip over... they just have everything upside down.
Yes, Texas should get help in even of a Hurricane. Its the Governments job to promote stability to the country in state of Emergency. Considering the petroleum that flows through Texas it's also in the benefit of the ENTIRE country that Texas be helped get back up to speed. Increase in fuel costs can potentially cost the rest of the nation billions of Dollars but rational people would not expect Democrats to realize that. They are more concerned with equating disaster relief with telling someone that they dont need to work.
Compare US Federal Revenue by State 1998-2015 -Chart