Texas reduced its reliance on most forms of taxation in the first part of the twentieth century because of
History · High School · Wed Jan 13 2021
Answered on
Texas reduced its reliance on most forms of taxation in the first part of the twentieth century because of its significant revenue from oil and gas production. The discovery of oil in Texas, particularly the Spindletop oil field in 1901, brought substantial wealth to the state. The revenue generated from the oil and gas industry allowed Texas to reduce its dependence on traditional forms of taxation. The state could fund its government and public services without imposing heavy taxes on its residents, leading to a unique economic situation during that period.