Texas should adopt a personal income tax. Politicians in Texas have throughout history enforced the “low taxes, low services” credo. It is believed that mentioning “rising taxes” is political suicide for a politician in Texas. However, in my opinion the majority of the states’ population could benefit greatly form a state government that is willing to provide more services.
Currently, for an individual, Texas is a low tax state. Ranking 48th in terms of taxes paid by an individual according to income. Texas relies heavily on sales and property tax to make up for their lack of personal income tax.
The tax system in Texas is considered “regressive”, meaning that the tax system takes a larger percentage from low-income people than from high-income people. Thus affecting low-income families harder.
In the next two years, the deficit in Texas is estimated to run as high as 25 billion dollars. This has caused major cuts in public education and Medicare funds. Texas already has some of the lowest SAT scores and some of the highest number of uninsured residents in the nation.
I believe that our state should provide better education and health benefits for its citizens. An individual’s income tax could be used to gather the necessary funds to provide these services. I am not ignorant to the fact that people do not like the idea of raising taxes. Realistically, people want to take home the money they work hard for. Yet an individual’s income tax should be higher for higher-income individuals; therefore benefiting the rest of the population that does not enjoy the privilege of wealth.