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To: Pining_4_TX
And don't even think that an income tax will replace the property tax, or even reduce it.
2 posted on 06/04/2002 11:32:47 AM PDT by grobdriver
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To: grobdriver
You are 100% correct! There is also the added cost of a whole new bureaucracy to collect the taxes, and the cost to businesses (which always means increased costs to individual citizens) of complying with the law. We have to fight this tooth and nail!
4 posted on 06/04/2002 11:37:14 AM PDT by Pining_4_TX
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To: grobdriver
Remember that the Texas Constitution guarantees that an income tax cannot be adopted without a statewide referendum. And if we adopt an income tax, two-thirds of the revenue would go to cut property taxes. The other one-third would be dedicated to education. The Legislature couldn't even raise the tax rate without going back to voters for approval. That's all in the Constitution. This is a paragraph of June 4,2002 Houston Chronicle Editorial.

Not a Texan, but maybe this part of the editorial will be helpful.

10 posted on 06/04/2002 11:53:53 AM PDT by WellsFargo94
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To: grobdriver
And don't even think that an income tax will replace the property tax, or even reduce it.

No, it will not do either. It will be supplemental. What they fail to see, it would hurt our economy, which would mean less revenue from taxes, which would mean taxes would have to be raised to make up for it, which would again hurt the economy, and so on, and we spiral down into bad times.

Normally I would dismiss this, but having attended some of the GOP and libertarian strategy sessions as of late, Conservatives are vulnerable in several areas in the state. The public face everybody is putting on is that we are going to do fine. The private one is sweating bullets.

71 posted on 06/05/2002 6:29:45 AM PDT by texlok
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