Originally Posted by Asherdelampyr
Do you have a site for that?
So far from what I have found, Texas gets $0.91 back for every dollar paid in taxes
When you listen to the news reports, all that is made mention is the fact that Texas took $6.4 billion from the Stimulus (sp), but nothing is made mention of the fact that they still had a reserve greater than what they took from the Government. If all that money were to vanish, there was enough to cover it and still have $3+ billion left over in the reserve. Better yet, they still would have covered the budget even without the money from Stimulus (sp). Texas didn't "need" the money from the Federal level to maintain, but then again the Federal Government didn't "need" the $219 Trillion that the taxpayers of Texas paid to them (estimated $8.4 k per capita) either to help fund the Federal plans such as the Stimulus.
I figure when you take the second highest grossing state and factor in the amount of people involved, they are going to take a large sum from the Federal due to the size and population alone... But as long as the ratio of what is paid into versus what is taken out is a fair balance, you'd figure it to be a fair working relationship. I won't complain since the state has managed to keep the unemployment rate to 6.1 and our tax rate under 8% - which is pretty amazing since we're the second largest contributors by taxes to the government with 6th lowest tax rate in the US.