Gas Tax Essay

There is nothing worse than working hard all year, having taxes withheld from your paycheck, and then finding out you still owe Uncle Sam come April. Taxes seem to be one of the most politically charged issues, with candidates from both parties making the topic an integral part of their campaign. Whether any real movement takes place is something that remains to be seen, as the Nation gears up for the next Presidential election.

Texas does outperform other states in terms of economic growth and population growth. Many people move to Texas because of the jobs and they do taxes right. (Batheja, 2013) Gov. Rick Perry believes Texas’s performance through the recession is due to lack of income tax. He says “You can stop trying to figure out how to pay the state income tax, because we don’t have one.” (Batheja, 2013) The Tax Foundation, a conservative-leaning research group, ranks Texas ninth-best on its State Business Tax Climate Index, largely because of the state’s lack of an income tax. (Batheja, 2013) On the other hand, Texas’s high property taxes remains a crucial complaint among business and homeowners. It’s harder for small business to pay their taxes especially if their business wasn’t very profitable. Small business end up using their own personal savings, mortgages, or borrow money in order to pay their taxes. Having a state tax would benefit small business. Although having no state tax is accepted by many, it puts a dent on cities and towns. Local debt has increased over the past decade, in large part to cover the costs for new schools and public maintenance projects. (Batheja, 2013) The state is pushing projects such as building of highways and roads to cities and counties. (Batheja, 2013) In 2012, more than 500 lawsuits were from school districts arguing that our public education isn’t properly

In states without state income tax, higher sales, property and other assorted taxes can exceed the annual cost of a state income tax. Texas is one of seven states that do not levy an individual income tax. The Tax Foundation, a conservative-leaning research group, ranks Texas ninth-best on its State Business Tax Climate Index, largely because of the state’s lack of an income tax. On three of the foundation’s other major rankings — property taxes, sales taxes and corporate taxes — Texas ranks in the bottom 20 states. Texas does not have a statewide property tax, but local property taxes remain a crucial complaint among businesses and homeowners. (Terrence, 2002) The main benefit is that states with no income tax become a beacon for growth. They 're better at creating jobs and keeping a core of young, educated workers from moving to other states. The issue is undoubtedly controversial. Public opinion usually swings with the size of one 's paycheck and the role people think governments should play in shaping society. Texas has an above-average sales taxes, and Texas also has higher-than-average effective property tax rates. Cutting the income tax will boost take-home pay for everyone. It 'll make the state more attractive than its neighbors, creating jobs, drawing new businesses, and sparking an influx of talented workers.

There is no doubt that Texas’s state government is one of the most conservative in the nation on both an economic and social level. As a governing body Texas has fought to deregulate itself on the bases that a weak government translates to strong personal liberties. The political culture of the state is apparent to all who live there. However, in recent history Texas has proven to be a solid competitor when offering tax rebates to filmmakers and videogame creators who produce their content in the state. These rebates refund some of the production costs and are widely considered to be beneficial to employment within the state’s entertainment and tourism industry (Weed). Sadly, in 2015 Texas lawmakers cut the previously impressive budget for

Once upon a time Americans hopped into their cars on warm spring days and took long drives to admire the beauty of nature. Teenagers took joy rides around town to meet friends and rode from one “hot spot” to another. Those were the days when gas prices were affordable to the average American. Over the past few years, gas prices in the United States have been on the rise. What is causing the increase in gas prices?

Collections were $61 million below expectations in July, August and September (combined total). Following that, the total receipts were $15 million, or almost 3 percent, below expectations in October, according to the Kansas Department of Revenue. Added up, in the first four months of the fiscal year starting in July, Kansas is now roughly $76 million under revenue expectations. The state broke out of an eight-month-long streak of missed estimates in November. But December’s lower-than-expected receipts (under $11 million) ruined hopes of the November figures (up $8 million) in which we thought was the start of a new, positive trend. Ever since 2013, the tax cuts have fallen short of creating the surge of new dollars that Brownback once boldly predicted would almost immediately flow to the state. Also, the state has been among the worst in the nation in recently in creating new nonfarm jobs, again, the opposite of what Brownback had said would happen after the tax cuts were implemented. On July 1, the statewide sales tax jumped from 6.15 percent to 6.5 percent. “The fact that sales tax revenue was below estimates, even after Republicans passed a massive sales tax increase, is an indication of just how much Kansas families are struggling under the Brownback tax plan,” said House Minority Leader Tom Burroughs, D-Kansas City. “A tax plan that is overly dependent upon a sales tax is neither

In chapter 10 of Lone Star Tarnished, the author, Cal Jillson explores the development of the state of Texas’ tax policy. He explains that over about the last three decades there have been some major challenges develop involving the state tax revenue including the fact that it is dramatically declining. It is also mentioned that with the Texas Republican Party being the majority party in the state, with no change in site, having implemented the ideology of no new taxes, that any proposed solutions to adjust the state tax policy will probably be rejected. Jillson does however offer some solutions that could resolve some of the issues with the tax policy in the state if the Republican Party would implement them. These solutions include a constitutional reform to amend some of the tax laws in the state to institute a few new taxes such as corporate tax and raising some taxes such as the sales taxes by about half a cent. According to Jillson, these tax modifications could generate more than a billion dollars in revenue for the state, giving it a small sense of financial relief. Even though these proposed solutions could benefit the state, they are no likely to occur because of the low to no tax perception that both Texas government and citizens

1. Which tax is calculated on the transfer of property and is normally determined by multiplying the value of the property transferred by a tax rate?

In this article, Joey Connor explains that several important changes were made to cigarette and tobacco taxes in the state of California. He says that by April of this year, the tax rate for distribution of cigarettes in that state will on a pack of cigarettes will increase from $0.87 to $ 2.87. Individuals who proposed this increase argue that California has one of the lowest cigarette tax rates in the country. However, with this increase, the state will be among the top ten cigarette tax rates in the United States. This is the result propt. 56, a Tabaco increase initiative.

tax is not among the highest. According to Singer's (Aug 24, 2017), the Connecticut 6.35 percent sales tax ranks thirty-two in the US. It is higher than certain state such as Massachusetts, and lower than others, such as Rode Island and New York. As Connecticut tries to grow its economy and fix it budget crisis with higher sales tax, will create a financial problem for the lower and middle classes. "Based on estimate produced by ITEP data, low income families spend seventy five percent of their income on items subjected to sales tax, higher than fifty percent spent by middle-income families and seventeen percent spent by the richest families”(ITEP). Considering this, the tax do not affect upper income families,but low and mid-income people who cannot afford the tax . Comparing gas tax to other states shows that, Connecticut’s gas tax is not among the highest. According to the graph provided by the ITEPS research report (July 2017), Connecticut’s four percent gas tax is higher than certain states such as Kentucky, South Dakota, and Michigan, but lower than other states such as Alaska, Louisiana and New Mexico.

At some point in everyone’s lives, we are affected by the rising gas prices in today’s economy. Natural gas is not a renewable resource, since there is a fixed amount of it trapped in the Earth. However, many people carry the misconception that there is a very limited amount of natural gas, and that we may use all of it up. This isn’t true. The gas shortages of the 1970's were prompted by the government’s lack of faith in the industry’s ability to discover and develop new reserves, not by lack of gas supply. The unfortunate impression left by the shortages of gas in the 1970's caused the people to believe that there was a small amount of gas left. On the contrary, the gas resource base is vast, and probably even

Controversy will always follow humans where ever we go. Humans have argued over many issues for centuries, often times with no conclusion or “correct” answer ever in sight. One common issue that has been debated since the early 1900s is whether or not the more wealthy individuals in a society should be taxed more heavily than their poorer counterparts. Many have argued over the pros and cons of the taxation of richer people, but when one looks at it objectively, the pros far outweigh the cons. Not only do the pros outweigh the cons, but a question one must ask oneself is whether or not prosperous people really need that extra money? Richer people should be taxed higher because it is better for the economy, social classes will

Taxes are the dollars that we pay to government to supply the services that are not or can not be provided through the free enterprise system. Taxes have been around since the beginning of organized societies. They come in various forms. Most common are income taxes both federal and local government. These taxes are assessed on the amount of income a person earns. Other taxes come in the form of user taxes; these taxes are imposed on the people that are using the goods being taxed, such as gas tax, alcohol tax, sales tax, and luxury taxes. Property taxes make up the major revenues for local and city governments. Furthering the burden of taxation are taxes that are attached to such bills as utility

Fuel prices are forever increasing in the world we live in today; this is always going to impact consumers and business owners ultimately affecting large businesses the most. It isn’t possible for business owners to predict fuel and electricity increases, as these are linked to economic and political factors beyond their control. This forces management to really look at their business costs and consider ways to achieve increased efficiencies. When the fuel prices go up it means that shipping and transport of material or any other resources become much more expensive. This then forces Mr Price to bring up their cost on clothing as it costs the business more to make the products.

(ii) The government may impose excise taxes on goods so as to discourage their consumption or production. known as sumptuary taxes, e.g. taxes on the consumption of alcoholic drinks