Texas Economy Would Benefit by Abolishing Property Tax

My research shows that in Texas property taxes are very regressive with family incomes lower than $35k per year paying almost 3% of their income in school taxes alone but family incomes over $35k on average pay 1.6% of their income.

Additionally, Texas state sales taxes are not collected on unprepared food estimated to be about $500 per month for $28k income families, or rent estimated to be $725 per month for $28k income families, which leaves about $1,108 per month for a family making $28k per year (these were the same numbers I used for the property tax analysis).

Assuming the entire available amount ($1,108) is taxed at 8.5% then the monthly cost is $94 which is 4% of their income. Using the same approach for a family with $84k per year, mortgage payment of $1,329, and the same $500 per month of unprepared food; then the amount is 6.3%.

........ Tax Type ........ Yearly Income % ............. Characteristics ....................

................................... $28k __ $84k ___ Impact ___ Application __ Enforcement _

School Property ........ 3.0% ...... 1.6% ..... Regressive ... Complicated ..... Subjective .....

Sales @ 8.5% ............. 4.0% ...... 6.3% ..... Progressive ...... Simple ........... Objective ......

Furthermore, as explained below in an article taken from Texas Insider On The Record, the Texas Economy would benefit by abolishing property taxes.

David Lee Hall