Austin, TX

Texas Tribune finalizes speakers for annual fall festival in Austin

Published

5 months ago

July 30, 2024

Texas Tribune finalizes speakers for annual fall festival in Austin

Austinites who want to catch a glimpse into the lives of the one percent may be surprised to learn that the pre-tax income required to be considered one of the highest earners in Texas amounts to $762,090 in 2024. So says a new study from SmartAsset that analyzed the top one percent income floors for all 50 states.

Compared to SmartAsset’s 2023 report, Texans now need to make $130,241 more in 2024 to maintain their status as one of the highest earners in the state. Last year, the income threshold was $631,849. For the second consecutive year, the Lone Star State maintains the 14th highest pre-tax salary needed to be considered in the top one percent of earners in the U.S.

To determine the income needed to be in the top one percent of earners in each state, SmartAsset analyzed 2021 IRS data for individual tax filers, which is the most recent year where data was available. Income data was then adjusted to June 2024 dollars.

Texas’ one percent income threshold is not too far off from the national average, which is $787,712.

The study further revealed 126,128 Texans are within the top one percent of earners. For more context, the U.S. Census Bureau says over 30 million people lived in Texas as of 2022, and Austin’s population grew to nearly 980,000 residents in 2023.

Connecticut continues to lead the nation with the highest income threshold required to be in the top one percent, with residents needing to make over $1.15 million pre-tax.

If Austinites aim to be within the top five percent of earners in Texas, the pre-tax income threshold is substantially lower, at $280,676. For many Austin residents, however, even achieving a “middle class” status means making between $59,604 and $178,830 a year, according to a separate SmartAsset report.

Meanwhile, the study says the median income in the U.S. comes out to roughly $75,000, and half of Americans are making even less than that. The income disparity is plainly obvious when high-income earners make (at a minimum) 10 times more than the national median income.

The report goes on to say top-earning Americans make up a “disproportionately large part of the tax base,” as their income results in paying a 37 percent federal tax bracket rate. (That is, if these high earners are even paying taxes in the first place, considering America’s wealthiest are already evading over $150 billion a year in taxes.)

“While state and local level taxes may impact the spread of high earners in those areas, the cost of living can also be drastically different nationwide,” the report said. “As a result, what it takes to be considered a top one percent income earner can differ by over $500,000 from state to state.”

The top 10 states with the highest thresholds to be considered in the top one percent of earners in the U.S. are:

No. 1 – Connecticut ($1,152,254)
No. 2 – Massachusetts ($1,113,662)
No. 3 – California ($1,035,673)
No. 4 – Washington ($989,649)
No. 5 – New Jersey ($975,645)
No. 6 – New York ($965,645)
No. 7 – Colorado ($865,700)
No. 8 – Florida ($852,206)
No. 9 – Wyoming ($843,121)
No. 10 – New Hampshire ($811,098)

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Austin, TX

Cotton Bowl 2025: Ohio State defeats Texas 28-14; heads to national championship

Published

3 hours ago

January 11, 2025

Press Room

Cotton Bowl 2025: Ohio State defeats Texas 28-14; heads to national championship

article

ARLINGTON, TEXAS – JANUARY 10: Jack Sawyer #33 of the Ohio State Buckeyes runs with the ball after recovering a fumble in the fourth quarter against the Texas Longhorns during the Goodyear Cotton Bowl at AT&T Stadium on January 10, 2025 in Ar

ARLINGTON, Texas – The Ohio State Buckeyes defeated the Texas Longhorns 28-14 in the Cotton Bowl Classic on Friday night.

Ohio State will go on to play Notre Dame in the national championship later this month.

ARLINGTON, TEXAS – JANUARY 10: The Texas Longhorns huddle before the Goodyear Cotton Bowl against the Ohio State Buckeyes at AT&T Stadium on January 10, 2025 in Arlington, Texas. (Photo by Ron Jenkins/Getty Images)

Fourth quarter:

Ohio State answered first in the fourth quarter. They took the lead 21-14 with less than eight minutes left in the game.

Texas marched down the field but came up empty-handed.

Texas quarterback Quinn Ewers was sacked, leading to a fumble. Ohio State recovered the ball and ran it back for an 83-yard touchdown.

Ohio State now leads 28-14 with less than three minutes left.

With Texas’ first drive back, Ewers was intercepted.

Ohio State wins the Cotton Bowl Classic 28-14 over the Texas Longhorns

Third quarter:

Ohio State quarterback Will Howard threw an interception during their first drive of the quarter. Texas was unable to answer.

With less than four minutes left in the third, Texas tied the game 14-14.

Second quarter:

To start the second quarter, Texas fumbled the ball twice, but recovered the ball both times.

Ohio State had several penalties, keeping them from marching up the field.

Texas tied the game 7-7 with less than a minute left in the first half.

Ohio State answered back with a 75-yard run for a touchdown. Ohio State took the lead again, 14-7, to end the first half.

First quarter:

Ohio State won the coin toss and deferred for the second half. The Longhorns will have the ball first.

Texas was unable to score on their first possession of the game. Ohio State now has the ball.

Ohio State is on the board first. Texas trails 7-0.

To end the first quarter, Ohio State had the lead 7-0.

Texas vs Ohio State: How to watch, stream

Texas Longhorns vs. Ohio State Buckeyes
Where: AT&T Stadium – Arlington, Texas
Date: Friday, Jan. 10
Time: 6:30 p.m. (CT)
TV: ESPN
Streaming: ESPN, DirecTV, Hulu with Live TV, Fubo, YouTube TV (with subscription)

Match-ups to Watch

Quarterbacks

Neither quarterback in this game is a stranger to playing in Arlington.

Ohio State quarterback Will Howard and Ewers both won Big 12 championships the last time they played at AT&T Stadium.

Texas won the Big 12 in its last season in the conference last year. Howard transferred to Ohio State from Kansas State. He led the Wildcats to a Big 12 championship win over then-undefeated TCU two years ago.

Stopping Smith

The best match-up of the game could be Texas All-American senior cornerback Jahdae Barron vs. standout Buckeyes freshman receiver Jeremiah Smith. Barron won the Thorpe Award, which is given to the nation’s top defensive back. But Barron gives up four inches and 15 pounds to Smith, the second-team All-American who may be the most electric freshman in the country. Smith has 70 receptions for 1,224 yards and 14 touchdowns. Smith has four touchdowns in these playoffs.

College Football Playoff National Championship

Notre Dame Fighting Irish vs. Texas Longhorns/Ohio State Buckeyes
Date: Monday, January 20
Time: 7:30 P.M. (CT)
Where: Mercedes-Benz Stadium – Atlanta, Georgia

The Source: Information in this article comes from the Associated Press, the College Football Playoff and past FOX 7 coverage.

Texas LonghornsCollege Football PlayoffSports

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Austin, TX

Cotton Bowl 2025: Texas-Ohio State predictions, how to watch, matchups

Published

14 hours ago

January 10, 2025

Press Room

Cotton Bowl 2025: Texas-Ohio State predictions, how to watch, matchups

The Sports Office: Jan. 6, 2025

FOX 7 Austin’s Dennis de la Pena and producer Julian Martinez talk about the College Football Playoff semifinal matchup between the Texas Longhorns and the Ohio State Buckeyes!

ARLINGTON, Texas – The Texas Longhorns and Ohio State Buckeyes will face off in Arlington, Texas on Friday in the College Football Playoff semifinal.

The winner of the game between Texas (13-2) and Ohio State (12-2) will go on to play Notre Dame in the national championship.

Texas vs Ohio State: How to watch, stream

Texas Longhorns vs. Ohio State Buckeyes
Where: AT&T Stadium – Arlington, Texas
Date: Friday, Jan. 10
Time: 6:30 p.m. (CT)
TV: ESPN
Streaming: ESPN, DirecTV, Hulu with Live TV, Fubo, YouTube TV (with subscription)

Key Players

Quarterback matchup

Neither quarterback in this game is a stranger to playing in Arlington.

Ohio State quarterback Will Howard and Ewers both won Big 12 championships the last time they played at AT&T Stadium.

Stopping Smith

The best matchup of the game could be Texas All-American senior cornerback Jahdae Barron vs. standout Buckeyes freshman receiver Jeremiah Smith. Barron won the Thorpe Award, which is given to the nation’s top defensive back. But Barron gives up four inches and 15 pounds to Smith, the second-team All-American who may be the most electric freshman in the country. Smith has 70 receptions for 1,224 yards and 14 touchdowns. Smith has four touchdowns in these playoffs.

Predictions

Pick Against the Spread: Texas (+6)
Pick Over/Under: Under (53.5)
Prediction: Ohio State 27, Texas 22

Predictions are made by the Data Skrive betting model.

FOX Sports Analyst Joel Klatt went with Ohio State in his prediction for the Cotton Bowl. Klatt says the Buckeyes are playing the best football in the country right now and the fact that the game is being played in Texas is keeping the line (Texas +6) lower than it should be.

Klatt: Ohio State 35 – Texas 21

National Championship Game

The winner of the Longhorns and Buckeyes game will take on Notre Dame in the championship game.

The game will be held at Mercedes-Benz Stadium in Atlanta, where the Longhorns played in the SEC Championship and against Arizona State in the College football playoff.

Notre Dame Fighting Irish vs. Texas Longhorns/Ohio State Buckeyes
Date: Monday, January 20
Time: 7:30 P.M. (CT)
Where: Mercedes-Benz Stadium – Atlanta, Georgia

The Source: Information in this article comes from the College Football Playoff, the Associated Press and FOX Sports.

Texas LonghornsCollege Football Playoff

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Austin, TX

The 89th Texas Legislature opens on Tuesday

Published

23 hours ago

January 10, 2025

Press Room

The 89th Texas Legislature opens on Tuesday

TEXAS — The 89th Texas Legislature will start on Jan. 14 with 181 lawmakers.

The House of Representatives’ organization will be managed by Texas Secretary of State Jane Nelson, who will also select temporary officers. The Secretary leads until a Speaker of the House is elected.

Secretary Nelson announced that Walter Fisher and Sharon Carter were appointed as parliamentarians for the House’s session inauguration.

Secretary Nelson announces that Walter Fisher and Sharon Carter will serve as parliamentarians for the House opening of the 89th Texas Legislative Session. #txlegehttps://t.co/kjbNeTRkxM
— Texas Secretary of State (@TXsecofstate) January 9, 2025
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“This is a duo with extensive parliamentary knowledge and the experience to guide the opening of the 89th Legislative Session,” said Secretary Nelson. “With the support of these individuals, we will make sure the organizing of the House is a fair, transparent and orderly process.”

The 150 members of the Texas House of Representatives and the 31 members of the Texas Senate will be sworn in as the 89th Legislature on Tuesday. The legislature will meet until June 2.

You are able to watch the Senate proceedings on opening day at this website.

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