Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Texas’s High Taxes on the Poor Belie Rick Perry’s Statements that They Need to Pay More

Texas’s High Taxes on the Poor Belie Rick Perry’s Statements that They Need to Pay More

Ratings: (0)|Views: 14 |Likes:
Texas Governor and presidential candidate Rick Perry said that he is “dismayed at the injustice that nearly half of all Americans don’t even pay any income tax.” He should know that Americans pay other types of federal taxes besides just federal income taxes, and that they also pay state and local taxes. This is particularly true in Texas, which, despite its reputation, is actually a high-tax state for the poor.
Texas Governor and presidential candidate Rick Perry said that he is “dismayed at the injustice that nearly half of all Americans don’t even pay any income tax.” He should know that Americans pay other types of federal taxes besides just federal income taxes, and that they also pay state and local taxes. This is particularly true in Texas, which, despite its reputation, is actually a high-tax state for the poor.

More info:

Published by: Citizens for Tax Justice on Aug 17, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

05/12/2014

pdf

text

original

 
CTJ
Citizens forTax Justice
 
 August 17, 2011Contact:Steve Wamhoff (202) 299-1066 x 33
 Texas’s High Taxes on the Poor Belie Rick Perry’sStatements that They Need to Pay More
On August 13, Texas Governor and presidential candidate Rick Perry said that he is “dismayed atthe injustice that nearly half of all Americans don’t even pay any income tax.”Governor Perry should know that Americans pay other types of federal taxes besides just federalincome taxes, and that they also pay state and local taxes. This is particularly true in Texas, which, despite its reputation, is actually a high-tax state for the poor.The Institute on Taxation and Economic Policy (ITEP) recently estimated that Texas imposeshigher taxes on its poorest 20 percent of non-elderly residents than 45 other states. In other words, Texas has the fifth highest taxes for low-income families.
1
Texas also has the 17
th
highesttaxes on the next 20percent of non-elderly residents. These are thesame families thatGovernor Perry believesshould contribute more intaxes.Like most states, Texas hasa regressive tax system,meaning taxes take alarger share of incomefrom a poor family thanthey take from a richfamily. Texas’s system iseven more unfair to thepoor than other statesbecause it relies on the
1
Institute on Taxation and Economic Policy, “Census Data Reveal Fundamental Tax Mismatch in Texas: Texas is aLow Tax State, But Not for Families Living in Poverty,” September 2010.http://www.itepnet.org/pdf/tx_povertyday_0910.pdf  
Texas 
State & Local Taxes in 2007 
Shares of family income for non-elderly taxpayers 
 
–2% –1% — 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% Lowest 20%Second 20%Middle 20%Fourth 20%Next 15%Next 4%TOP 1
I
 
Sales & Excise 
I
Property 
I
 
Income 
I
 Federal Offset
 
I
Total (inc. Federal Offset)

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->