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What are property taxes, sales taxes, and income taxes like in Texas?

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LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-11 06:14 PM
Original message
What are property taxes, sales taxes, and income taxes like in Texas?
What is the state expected to provide and what is the local government responsible to provide?
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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-11 06:17 PM
Response to Original message
1. No state income tax.
But they get to write off sales tax in their federal returns, in lieu of the deduction most of the rest of us get for paying state income tax.
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LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-11 06:25 PM
Response to Reply #1
3. Is there a higher percentage in Texas that itemize their sales tax on the federal return?
I would think not.
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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-11 07:06 PM
Response to Reply #3
4. I don't know but they don't have to itemize to get that credit.
Just like the rest of us who get a credit on our federal returns for state income tax we pay, the nine states that pay no state income tax get to deduct sales taxes instead. It's not fair. If they pay no state income tax, they shouldn't get to claim sales tax instead. This writeoff for these 9 states costs the federal government $5.5 billion a year.
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griffi94 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-11 06:21 PM
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2. high property tax
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tammywammy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-11 07:57 PM
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5. State sales tax is 6.25%, local municipalities can add up to 2% more
The city I'm in is at 8% sales tax.

No state income tax. Higher property taxes.
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cags Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-11 08:18 PM
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6. My property tax is double what it was in CA, no income tax, my sales tax is 8%
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