Wednesday, January 14, 2009

Taxation suggestions for Texas.

I hope to be wrong, but I think the 2009, TX, legislative priority will be an attempt to justify and continue the, "everything and a tax cut," nonsense. The majority in the legislature team with the governor to try to spend the rainy day savings account (RDSA) to cover the fraud. The RDSA grew rapidly while the price of fuel (gas and diesel) hovered around four dollars a gallon, but those days are gone; they’ll return, but nobody knows when. So spending the RDSA will deplete another valuable resource.

There will be active resistance to funding necessary/overdue transportation infrastructure via a rise in the state's, long dormant and oft re-directed, fuel tax.

There will be active resistance to the state raising the funds needed to get the state out of property taxes, reduce the state's need for high sales taxes and end the fraud of the 'business tax.'

The state needs a simple, clear and low, state income tax (unlike the complex, loop-hole infested, federal income tax).

Your income can not be reappraised higher, lowered statewide only to be increased locally, doesn't cause the cost of shopping to increase nearly 10% and doesn't add many thousands of dollars a year to home ownership.

Nobody likes paying taxes, but there needs to be organized, responsible governance of society and that isn't free.

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