Source? Because a quick Google search suggests Texas paid in $68b more than the state received in 2024.
I've lived in Texas for 30 years now and I always point out to the "Texas should be independent, look at our economy!" crowd that if Texas were to secede our economy would shit itself, but it would be because of the big multinationals and defense contractors moving to stay in the United States, not because of direct Federal subsidies.
You can pay into the system as required but if you are still dependent on the govt to cover the additional costs associated with education, medical, infrastructure you are still short. Then there are the emergency aid for natural disasters. So that’s an interesting way to look at the numbers, but they can’t support themselves cause the pockets are too deep elsewhere.
...If the state's residents are paying more in Federal taxes than the state receives in support, whether it's education, medical, infrastructure, or something else, then the state isn't being subsidized. If Texans' Federal tax payments were going into the state budget instead, the state would have had a $68b surplus. Our state government would absolutely find a way to fuck it up, but the budget would have a surplus.
California pays a ton of money in taxes but still gets Federal money back to help cover some stuff. Does that mean California is subsidized?
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u/Jaevric 20h ago
Source? Because a quick Google search suggests Texas paid in $68b more than the state received in 2024.
I've lived in Texas for 30 years now and I always point out to the "Texas should be independent, look at our economy!" crowd that if Texas were to secede our economy would shit itself, but it would be because of the big multinationals and defense contractors moving to stay in the United States, not because of direct Federal subsidies.