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Turns out all that happened was the rich benefitted and the poor suffered. Who'da thought?
(media.kbin.social)
this post was submitted on 28 Jul 2023
919 points (97.1% liked)
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THANK YOU. Had to scroll almost to the bottom for this.
This is just a fancy way of saying Texas has more state and local taxes, sales tax, etc to make up for the lack of an income tax. Those taxes tend to hit the lower income folks more. This isn't news at all to anyone.
It's indeed news to someone, namely idiots in Texas who think they live in a low tax haven.
It is obvious to people who know but it is good to verify and call it out.