Скачать или смотреть If Texas Has No Income Tax, Why Are People Paying More Than California?

Why Texas Has No Income Tax But Costs More Than California — The Hidden Property Tax Trap Millions of Americans Fell For

Millions of Americans relocated from California to Texas between 2020 and 2023 chasing tax savings and lower cost of living. But the real story is more complicated. Texas has no state income tax, but finances its government through property taxes, sales taxes, and hidden fees that compound every year you stay.

This video breaks down how Texas built its no-income-tax model on oil revenue dating back to the Spindletop discovery in 1901, how the 1993 constitutional amendment permanently banned income tax and locked in a regressive tax structure, and how Municipal Utility Districts secretly added 30-year bond debt to millions of homeowners' property tax bills without their knowledge.

We also cover how the 2021 winter storm exposed the fundamental fragility of ERCOT's isolated power grid, why insurance premiums doubled overnight as actuaries repriced Texas risk, how California buyers triggered an assessment spiral that raised property taxes for existing homeowners, and why the Texas tax arbitrage that saved people thousands in 2020 has nearly closed by 2025.

Topics covered: Texas property tax vs California income tax, Proposition 13 comparison, Municipal Utility Districts explained, ERCOT grid failure 2021, Texas insurance crisis, cost of living Texas vs California, tax migration, hidden costs of moving to Texas, Texas water infrastructure crisis, property tax assessment spiral, Texas school funding Robin Hood system, tax arbitrage, Texas vs California 2024.