Houston Stats

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Category: Budget & Taxes (page 1 of 2)

Electric Bills in Texas Lower Than in Most States

Whether it is powering a refrigerator to keep food from spoiling or heating water for a shower, many of modern life’s most basic functions require electricity. However, the cost of running a refrigerator for a month could be up to three times more expensive depending on the state. To highlight how electricity costs vary across […]

Electric Bills in Texas Lower Than in Most States

Whether it is powering a refrigerator to keep food from spoiling or heating water for a shower, many of modern life’s most basic functions require electricity. However, the cost of running a refrigerator for a month could be up to three times more expensive depending on the state. To highlight how electricity costs vary across […]

Texas Among the States Where it is Most Expensive to Drive

The cost of driving a car in one state compared to another can differ by more than $2,000 a year. In states where accidents are prevalent, insurance rates are often higher. In western states, gas prices tend to be higher. And in states with bad road conditions, vehicles require more frequent repairs. All these factors […]

Texas More Tax-Friendly for Business Than Most States

States compete to attract new businesses, which can generate jobs and contribute to economic growth. While every state levies some form of taxes on businesses, some states are more tax-friendly than others. In addition to other factors, such as the strength of the labor force, a state’s tax code is an important consideration for businesses […]

Gas Prices Are Near the Lowest in Texas

The price of gas, a necessity for most Americans, tends to be somewhat unpredictable. The common, often erratic, fluctuations are due to basic supply and demand factors, but the price of gas also changes with the seasons, after natural disasters, and due to other events in the United States or around the world. The average […]

Texas is One of Only Seven States With No Income Tax

The U.S. government collects a portion of every working American’s paycheck. States are free to levy an additional income tax. While taxes on individual incomes are a significant source of revenue for most states, a handful of states have no individual income tax. 24/7 Wall St. reviewed state level tax codes using tax data compiled […]

Texas Has the 5th Lowest Taxes in America

In the U.S. federalist system, each state government decides how to generate revenue — that is, which taxes to collect, and how. No state tax code is identical, and largely as a result, what the average American pays annually in taxes varies from state to state. 24/7 Wall St. reviewed each state’s tax burden — […]

Sales Tax in Texas Higher Than Most States

Because sales tax is regressive — disproportionately affecting poorer residents — the decision to raise or lower the sales tax rate is often accompanied by intense debate. Still, last year, hundreds of cities and several states raised sales tax rates, although many others lowered rates as well. Sales taxes are levied by both state and […]

Texas Has the 8th Lowest Gas Tax

The federal government has some $51.4 billion in its coffers, primarily set aside for road construction and repair. These funds are raised from a federally imposed 18.4 cent tax on every gallon of gas purchased on American soil. On top of the federal tax, each state collects its own tax on every gallon of gas […]

Texas is America’s 7th Best Run State

Comparing the quality of governance between states can be challenging. The decisions state governors, legislators, city mayors and other elected officials make can have wide-reaching effects on state residents, and these decisions can sometimes take years to have an impact. Aware of these inherent challenges, 24/7 Wall St. has for seven straight years reviewed the […]

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