Summary: “A fine is a tax for doing wrong. A tax is a fine for doing well.” Mark Twain. Find out how our public servants and politicians are spending our hard work.
Latest Update: posted 18 March, 2024
"Taxes of Texas, Field Guide" from TX Comptroller.
“A fine is a tax for doing wrong. A tax is a fine for doing well.” Mark Twain.
"Taxes of Texas, A Field Guide" Texas Comptroller of Public Accounts, January 2024, Excerpts. [in .pdf online] [.pdf]
[Note: Although the publish date is 10 February 2022, the publication is date of the linked .pdf is January 2024.]
Every year, the state of Texas collects billions of dollars in state taxes and fees, federal receipts and other sources of revenue. These funds are used to pay for all of the responsibilities of the state government, including the education of more than 5.5 million public school students and the provision of health insurance for 5.1 million low-income Texans.
This guide provides an overview of the major Texas state taxes. Read on to:
• learn how major taxes have contributed to state revenue during the past 10 years;
• see revenue collections, estimates and allocations on one page; and
• connect to other, in-depth resources about state taxes and finances.
Comments