The state of Texas has a reputation for being a low service, low tax state. In fact, Texas prides itself on levying no state income tax on individuals or businesses. While Texas certainly provides a favorable environment for business, its tax system is often criticized for being too regressive. Evaluate the pros and cons of having no state income tax in Texas. Should Texas State start taxing incomes or continue business as usual?
What are the different ways in which states fund their governments?
What are the major sources of state revenue in Texas? What are the key advantages and disadvantages associated with adopting this type of policy?
