Everybody should claim 10 deductions on their state form so no taxes are taken out then put it an interest bearing account and pay it in April.
Don't give a no interest loan to the state with your hard earned money.
Some county and city agencies are facing layoffs in wake of budget shortfalls.Originally Posted by Erod
Texas may not have a state income tax, but it does have one of the highest state sales tax rates.
Read up on the structural deficit and thanks to the feds for bailing them out.
Unfortunately, Texas is a low-tax state with a structural deficit. In 2006, the state made its structural deficit worse by pledging to pay for a local school property tax cut. The "hole" or uncovered cost of that tax cut is now almost $10 billion per biennium. To add to the state's woes, just before the legislative session began in 2009, the country went into a severe economic recession that substantially reduced state tax revenues. Fortunately, the federal government stepped in with Recovery Act funding.
Building Texas: The 2010-2011 State BudgetBillions of dollars in federal economic stimulus money let lawmakers traipse past tough decisions. But a similar federal bump isn't likely in 2011. And as school property tax cuts eat into the budget while business tax revenue keeps falling short, budget writers very well could have to slash in two years, especially if the recession lingers.
Texas Senate approves $182.3 billion budget | News for Dallas, Texas | Dallas Morning News | Latest News
Another conservative myth.Originally Posted by Erod
How is the government going to "take over" 1/6 of the economy? Are you saying that the government is going to "take over" all health care? Doctors, hospitals, pharmaceuticals, etc., etc.?
Can you show where, in either the House or Senate bill, that the government is going to take over health care?
“I’m worried that I will be the last Republican president.” - George W. Bush
One of you will end up here next!