With Tax Day looming large and sweeping tax reform passed in recent months, WalletHub today released its 2019 Taxpayer Survey (https://wallethub.com/blog/tax-survey/20056/) as well as its yearly Tax Rates by State (https://wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416/) report and accompanying videos (https://wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416/#videos-for-news-use) in order to help people better understand this confusing time of year. You can find highlights from both below, followed by the full list of WalletHub’s 2019 taxpayer resources.
Tax Rates in Texas (1=Lowest; 25=Avg.):
*41st – Overall Effective State & Local Tax Rate
*1st – Income Tax
*46th – Real-Estate Tax
*1st – Vehicle Property Tax
*48th – Sales & Excise Taxes
2019 Taxpayer Survey
Fewer than 4 in 10 people are happy with President Trump’s tax reforms. 70% think they benefit the rich more than the middle class.
89% of people think the government currently does not spend their tax dollars wisely.
31% of people say making a math mistake is their biggest Tax Day fear, edging out not having enough money (28%) at the top of the list.
36% of people would move to a different country for a tax-free future. 24% would get an “IRS” tattoo and 15% would take a vow of celibacy.