The “Texas Miracle” loses some of its magic as Oracle announces it’s moving its new HQ out of Austin and Tesla lays off nearly 2,700 workers.

The “Texas Miracle” loses some of its magic as Oracle announces it’s moving its new HQ out of Austin and Tesla lays off nearly 2,700 workers.

    • locuester@lemmy.zipEnglish
      319·
      5 months ago

      This isn’t comparing taxes. It’s comparing what section of the population shares more of the total burden.

      This isn’t saying the people in Texas pay more, just that the distribution is different across income groups. Which makes sense because there is no income tax. Overall, the vast majority (and all non-landowners) in Texas is paying less than they would in Cali.

      It’s a misleading graph, possibly on purpose to make people think what you did.

      Edit: brain fart. further discussion below.

      • mosiacmango@lemm.eeEnglish
        142·
        5 months ago

        You realize that the percentage of your income that is taxed is a fixed number regardless of state, right? That 1% of 60k in California is the same as 1% of 60k in Texas?

        It very directly shows that poorer people in Texas pay more than poorer people in California over the wide range of taxes in each state. They fully take into account land ownership or not, which you can confirm by reading the linked article in the comment:

        The graphic reportedly contains 2018 data from the Institute of Taxation and Economic Policy (ITEP), which compiled statistics regarding IRS income tax, sales tax, property tax, and information from Bureau of Labor Statistics’ Consumer Expenditure Survey from sources including the U.S. Census Bureau

        • locuester@lemmy.zipEnglish
          26·
          5 months ago

          Ugh I’m sorry. I started trying to make sense of it and then somehow confused myself into thinking it was a % share of total - as if each side added to 100%. Nevermind, I was wrong.

          Anyhow, back to the chart - it simply makes no sense in that case. I would need to take a look at the underlying to tell me how the bottom 20% pay 13% of income to taxes in a state with 0% income and 6.25% sales tax. Only thing left is property tax (according to chart it’s those 3).

          Yes I realize small local sales taxes may apply, but is a max of 2%.

          How much property does this bottom 20% own?!

      • G0ldenSp00n@lemmy.jacaranda.clubEnglish
        111·
        5 months ago

        It literally isn’t though, the graph is labeled and the article explains it in further detail, this is a graph of the percent of income each income group pays in taxes. You explination doesn’t even make sense, the numbers of all the groups don’t add up to 100%.

        • locuester@lemmy.zipEnglish
          3·
          5 months ago

          I already corrected my brain fart in another comment. Agreed makes no sense. Agreed there too. Will edit.