Replacing Property Taxes with Sales Taxes Would Be Bad for Texas Businesses, Families, and Public Education. Policy Page

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Total Pages : 5 pages
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Book Synopsis Replacing Property Taxes with Sales Taxes Would Be Bad for Texas Businesses, Families, and Public Education. Policy Page by : Center for Public Policy Priorities (CPPP)

Download or read book Replacing Property Taxes with Sales Taxes Would Be Bad for Texas Businesses, Families, and Public Education. Policy Page written by Center for Public Policy Priorities (CPPP) and published by . This book was released on 2007 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public education is the foundation of our democracy and the engine of our economy. Texans have a collective responsibility to ensure that public education is adequately supported. This responsibility needs to be fairly distributed among Texas families in a way that supports economic growth. Recently, some have proposed that Texas replace local school property taxes by increasing the rate of the state sales tax or expanding the sales tax to more goods and services. Such a tax swap would be a bad deal for businesses, families, and public education. Reasons include: 1) The swap would make Texas businesses less competitive because the higher sales tax would raise the cost of Texas goods and services; 2) Taxes on most Texas families--including middle-class families--would actually go up. Only the wealthiest families would see a tax reduction; and 3) At the same time, public education would be hurt. Schools would have one source of revenue, sales, which is less stable than property. With the state paying all the bills, more decisions would be made in Austin, and the link between local taxpayers and public schools would be broken. In addition, local communities could no longer supplement the basic education provided by the state. Texans need to ask what problem we are trying to fix? Are property taxes too high? Even if Texas eliminated school property taxes, Texas would still have to raise the same amount of tax dollars. Are we worried that some residents aren't paying their fair share? In fact, everybody pays the property tax either as owners or as renters (with the tax reflected in the rent). Are we worried that property taxes discourage homeownership? Texas already has laws on the books to ensure that property taxes do not undermine homeownership. Are we worried that property taxes don't correspond to our ability to pay? Generally this is not true, but for those families for which it is true, most states address the problem through a tailored tax break called a circuitbreaker. Texas could provide a circuitbreaker too. As discussed in this paper, trading property taxes for sales taxes does not solve any real problems, but it does create some. (Contains 8 endnotes.).

Replacing Property Taxes with Sales Taxes Is the Wrong Answer for Texas Families and Public Schools

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Total Pages : 3 pages
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Book Synopsis Replacing Property Taxes with Sales Taxes Is the Wrong Answer for Texas Families and Public Schools by : Center for Public Policy Priorities (CPPP)

Download or read book Replacing Property Taxes with Sales Taxes Is the Wrong Answer for Texas Families and Public Schools written by Center for Public Policy Priorities (CPPP) and published by . This book was released on 2012 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public education is the foundation of our democracy and the engine of our economy, and Texans have a collective responsibility to ensure that public education is adequately supported. This responsibility needs to be fairly distributed among Texas families in a way that supports economic growth. Recently, some have proposed that Texas replace local school property taxes, or even all local property taxes, by increasing the rate of the state sales tax or expanding the sales tax to more goods and services. Such a tax swap would be a bad deal for businesses, families, and public education. This policy page outlines the reasons why.

The Property Tax, School Funding Dilemma

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Publisher : Lincoln Inst of Land Policy
ISBN 13 : 9781558441682
Total Pages : 63 pages
Book Rating : 4.4/5 (416 download)

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Book Synopsis The Property Tax, School Funding Dilemma by : Daphne A. Kenyon

Download or read book The Property Tax, School Funding Dilemma written by Daphne A. Kenyon and published by Lincoln Inst of Land Policy. This book was released on 2007 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: States experiencing taxpayer revolts among homeowners are tempted to reduce reliance on the property tax to fund schools. But a more targeted approach can provide property tax relief and improve state funding for public education. This policy focus report includes a comprehensive review of recent research on both property tax and school funding, and summarizes case studies of seven states-- California, Massachusetts, Michigan, New Hampshire, New Jersey, Ohio and Texas. The majority of these states are heavily reliant on property tax revenues to fund schools. While there is no one-size-fits-all solution, the report recommends addressing property taxes and school funding separately.

Texas Public Schools and Property Taxes

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Texas Public Schools and Property Taxes by : Texas Advisory Commission on Intergovernmental Relations

Download or read book Texas Public Schools and Property Taxes written by Texas Advisory Commission on Intergovernmental Relations and published by . This book was released on 1976 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Taxing the Poor

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Publisher : Univ of California Press
ISBN 13 : 0520948939
Total Pages : 263 pages
Book Rating : 4.5/5 (29 download)

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Book Synopsis Taxing the Poor by : Katherine S. Newman

Download or read book Taxing the Poor written by Katherine S. Newman and published by Univ of California Press. This book was released on 2011-02-27 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the way we tax the poor in the United States, particularly in the American South, where poor families are often subject to income taxes, and where regressive sales taxes apply even to food for home consumption. Katherine S. Newman and Rourke L. O’Brien argue that these policies contribute in unrecognized ways to poverty-related problems like obesity, early mortality, the high school dropout rates, teen pregnancy, and crime. They show how, decades before California’s passage of Proposition 13, many southern states implemented legislation that makes it almost impossible to raise property or corporate taxes, a pattern now growing in the western states. Taxing the Poor demonstrates how sales taxes intended to replace the missing revenue—taxes that at first glance appear fair—actually punish the poor and exacerbate the very conditions that drove them into poverty in the first place.

Making Money Matter

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Publisher : National Academies Press
ISBN 13 : 0309172888
Total Pages : 368 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Making Money Matter by : National Research Council

Download or read book Making Money Matter written by National Research Council and published by National Academies Press. This book was released on 1999-11-30 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States annually spends over $300 billion on public elementary and secondary education. As the nation enters the 21st century, it faces a major challenge: how best to tie this financial investment to the goal of high levels of achievement for all students. In addition, policymakers want assurance that education dollars are being raised and used in the most efficient and effective possible ways. The book covers such topics as: Legal and legislative efforts to reduce spending and achievement gaps. The shift from "equity" to "adequacy" as a new standard for determining fairness in education spending. The debate and the evidence over the productivity of American schools. Strategies for using school finance in support of broader reforms aimed at raising student achievement. This book contains a comprehensive review of the theory and practice of financing public schools by federal, state, and local governments in the United States. It distills the best available knowledge about the fairness and productivity of expenditures on education and assesses options for changing the finance system.

Rethinking Property Tax Incentives for Business

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ISBN 13 : 9781558442337
Total Pages : 0 pages
Book Rating : 4.4/5 (423 download)

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Book Synopsis Rethinking Property Tax Incentives for Business by : Daphne A. Kenyon

Download or read book Rethinking Property Tax Incentives for Business written by Daphne A. Kenyon and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of property tax incentives for business by local governments throughout the United States has escalated over the last 50 years. While there is little evidence that these tax incentives are an effective instrument to promote economic development, they cost state and local governments $5 to $10 billion each year in forgone revenue. Three major obstacles can impede the success of property tax incentives as an economic development tool. First, incentives are unlikely to have a significant impact on a firm's profitability since property taxes are a small part of the total costs for most businesses--averaging much less than 1 percent of total costs for the U.S. manufacturing sector. Second, tax breaks are sometimes given to businesses that would have chosen the same location even without the incentives. When this happens, property tax incentives merely deplete the tax base without promoting economic development. Third, widespread use of incentives within a metropolitan area reduces their effectiveness, because when firms can obtain similar tax breaks in most jurisdictions, incentives are less likely to affect business location decisions. This report reviews five types of property tax incentives and examines their characteristics, costs, and effectiveness: property tax abatement programs; tax increment finance; enterprise zones; firm-specific property tax incentives; and property tax exemptions in connection with issuance of industrial development bonds. Alternatives to tax incentives should be considered by policy makers, such as customized job training, labor market intermediaries, and business support services. State and local governments also can pursue a policy of broad-based taxes with low tax rates or adopt split-rate property taxation with lower taxes on buildings than land.State policy makers are in a good position to increase the effectiveness of property tax incentives since they control how local governments use them. For example, states can restrict the use of incentives to certain geographic areas or certain types of facilities; publish information on the use of property tax incentives; conduct studies on their effectiveness; and reduce destructive local tax competition by not reimbursing local governments for revenue they forgo when they award property tax incentives.Local government officials can make wiser use of property tax incentives for business and avoid such incentives when their costs exceed their benefits. Localities should set clear criteria for the types of projects eligible for incentives; limit tax breaks to mobile facilities that export goods or services out of the region; involve tax administrators and other stakeholders in decisions to grant incentives; cooperate on economic development with other jurisdictions in the area; and be clear from the outset that not all businesses that ask for an incentive will receive one.Despite a generally poor record in promoting economic development, property tax incentives continue to be used. The goal is laudable: attracting new businesses to a jurisdiction can increase income or employment, expand the tax base, and revitalize distressed urban areas. In a best case scenario, attracting a large facility can increase worker productivity and draw related firms to the area, creating a positive feedback loop. This report offers recommendations to improve the odds of achieving these economic development goals.

The Impact of the Texas Sales Tax on Industry

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ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (127 download)

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Book Synopsis The Impact of the Texas Sales Tax on Industry by : Texas. Committee on State and Local Tax Policy

Download or read book The Impact of the Texas Sales Tax on Industry written by Texas. Committee on State and Local Tax Policy and published by . This book was released on 1968 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Considerations Respecting a Federal Retail Sales Tax ...

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ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Considerations Respecting a Federal Retail Sales Tax ... by : United States Tax Research Division. Treasury Department

Download or read book Considerations Respecting a Federal Retail Sales Tax ... written by United States Tax Research Division. Treasury Department and published by . This book was released on 1943 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Good Tax

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Publisher :
ISBN 13 : 9781558443426
Total Pages : 260 pages
Book Rating : 4.4/5 (434 download)

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Book Synopsis A Good Tax by : Joan Youngman

Download or read book A Good Tax written by Joan Youngman and published by . This book was released on 2016 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: In A Good Tax, tax expert Joan Youngman skillfully considers how to improve the operation of the property tax and supply the information that is often missing in public debate. She analyzes the legal, administrative, and political challenges to the property tax in the United States and offers recommendations for its improvement. The book is accessibly written for policy analysts and public officials who are dealing with specific property tax issues and for those concerned with property tax issues in general.

Impact of Overlapping Sales Taxes on Small Business

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ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Impact of Overlapping Sales Taxes on Small Business by : University of Alabama. School of Commerce and Business Administration

Download or read book Impact of Overlapping Sales Taxes on Small Business written by University of Alabama. School of Commerce and Business Administration and published by . This book was released on 1961 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Raising the Sales Tax to Lower the Property Tax

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ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (573 download)

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Book Synopsis Raising the Sales Tax to Lower the Property Tax by : George Lightbourn

Download or read book Raising the Sales Tax to Lower the Property Tax written by George Lightbourn and published by . This book was released on 2004 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Death by a Thousand Cuts

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Publisher : Princeton University Press
ISBN 13 : 9780691122939
Total Pages : 396 pages
Book Rating : 4.1/5 (229 download)

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Book Synopsis Death by a Thousand Cuts by : Michael J. Graetz

Download or read book Death by a Thousand Cuts written by Michael J. Graetz and published by Princeton University Press. This book was released on 2005 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fast-paced book by two Yale professors unravels the following mystery: How is it that the estate tax, which has been on the books continuously since 1916 and is paid by only the wealthiest two percent of Americans, was repealed in 2001 with broad bipartisan support?

Funding Public Education Fairly

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ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (722 download)

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Book Synopsis Funding Public Education Fairly by : Texas Conservative Coalition Research Institute. School Finance and Property Tax Task Force

Download or read book Funding Public Education Fairly written by Texas Conservative Coalition Research Institute. School Finance and Property Tax Task Force and published by . This book was released on 2011 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Nonproperty School Tax Potential in the Gulf Coast Area of Texas

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ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Nonproperty School Tax Potential in the Gulf Coast Area of Texas by : William Gerald Barber

Download or read book Nonproperty School Tax Potential in the Gulf Coast Area of Texas written by William Gerald Barber and published by . This book was released on 1960 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Sales and Use Taxes

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Publisher :
ISBN 13 :
Total Pages : 814 pages
Book Rating : 4.0/5 (18 download)

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Book Synopsis Sales and Use Taxes by : United States. Congress. House. Committee on the Judiciary

Download or read book Sales and Use Taxes written by United States. Congress. House. Committee on the Judiciary and published by . This book was released on 1962 with total page 814 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Tax Problem

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ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The Tax Problem by : Minnesota. Department of Education

Download or read book The Tax Problem written by Minnesota. Department of Education and published by . This book was released on 1936 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: