3 ms·
> Luckily for them, their lots are worth half a million dollars. Not so luckily. Texas has no state income tax and gets most of it's money from property taxes
by chiph 10y ago
> Luckily for them, their lots are worth half a million dollars.
Not so luckily. Texas has no state income tax and gets most of it's money from property taxes. Those land-wealthy people making $20k a year likely have a $12k tax bill (there are things like homestead exemptions which can help .. but still)