Texas has a "low taxes low services" reputation. According to the Tax Foundation Texans' state and local tax burdens rank among the lowest in the nation 7th lowest nationally; state and local taxes cost $3,580 per capita or 8.4 percent of resident incomes. Texas is one of seven states that lack a state income tax, 12.4 Economic and demographic change 137 Gene Wu Democratic 2013 Southwest Houston (including Sharpstown and Gulfton). .
. . . Harris County ESD #25 Fire Westfield FD .10 6.2 Genocide concentration camps and slave labour 11 Larry Taylor Republican 2013 Southeast. West University Place Unionism, 202 Waste Management Historically four major industries shaped the Texas economy prior to World War II: cattle and bison cotton timber and oil. Before and after the U.S Civil War the cattle industry which Texas came to dominate was a major economic driver for the state thus creating the traditional image of the Texas cowboy in the later 19th century cotton and lumber grew to be major industries as the cattle industry became less lucrative it was ultimately though the discovery of major petroleum deposits (Spindletop in particular) that initiated an economic boom which became the driving force behind the economy for much of the 20th century With strong investments in universities Texas developed a diversified economy and high tech industry in the mid-20th century As of 2015 it is second on the list of the most Fortune 500 companies with 54. With a growing base of industry the state leads in many industries including agriculture petrochemicals energy computers and electronics aerospace and biomedical sciences Texas has led the U.S in state export revenue since 2002 and has the second-highest gross state product If Texas were a sovereign state it would be the 10th largest economy in the world.
Romeo R Perez Attorney At Law