Texas_Taxes

Texas_Taxes - Senate Finance Committee Interim Report on...

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Unformatted text preview: Senate Finance Committee Interim Report on Texas Taxes December 2002 P.O. Box 12068 • Austin, Texas • 78711 • 512/463-0370 Texas Senate Committee on Finance Interim Report on Texas Taxes December 2002 Letter of Submission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Senate Finance Committee Interim Charge #1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Hearings by the Senate Finance Committee on Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Taxes Paid by Texans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 How Large is the Texas Economy? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 How Much Do Texans Pay in Federal Taxes? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 What Are the Major Taxes Texans Pay? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Who Pays More Taxes, Businesses or Individuals? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 What is the Profile of an Average Texas Taxpayer? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Who is Exempted or Excluded From Paying Taxes? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 How Does Texas Taxes Rank Among the 50 States? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 How Are Our Tax Dollars Used? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 State Tax Assessment: A Look at Texas Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 How is the State’s Revenue Generated? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Overall Texas General Revenue Changes Over Time . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Cost of Tax Exemptions to the State of Texas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Discussion of Each Major Texas Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Sales and Use Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Top Sales Tax Rates in the Nation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Sales Tax Collections Over Time (1986-2002) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Sales Tax Revenue Allocation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
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This note was uploaded on 01/14/2012 for the course ECON 121 taught by Professor Mcdevitt during the Winter '10 term at UCLA.

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Texas_Taxes - Senate Finance Committee Interim Report on...

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