Pub. 55 2014-2015 Issue 3

22 nearly $50 million dollars are raised for more than 85 different causes. The economic impact analysis that follows is designed to measure the impacts that all of the above variables will have on the Texas economy. Economic Impact Results The results of this economic assessment include the tangible effects of auto dealers, such as jobs, labor incomes, total economic output, taxes generated, and retail impacts. The analysis goes a step further to measure the more subtle, yet still significant, impacts of philanthropy. Where appropriate, the direct impacts of the model are show- cased. These impacts represent the actual revenues and expendi- tures of auto dealers in Texas. They also serve as the inputs to the IMPLANmodel. The total impacts – direct, indirect, and induced – are all as a result of auto dealers that operate throughout the state. U.S. Congressional Districts in Texas State of Texas Sources: AE, IMPLAN, TADA Impact of Texas Auto Dealers on the Texas Economy • As a result of auto dealers in Texas, the 5-year total of economic output in Texas was $415 billion. • The state of Texas has benefited from 1.1 million jobs due to its auto dealers. • Those jobs led to total labor income of $112.7 billion. • 2013 has been the strongest year for auto dealers since before the recession. • The average annual impacts of Texas auto dealers are: • $83 billion in economic activity • 227,000 jobs • $22.5 billion in labor incomes State of Texas Total 5-Year Tax Impact of Texas Auto Dealers • Texas auto dealers contributed a total of $68.4 billion in tax impacts from 2009 to 2013. • 63% of all tax receipts remain within the local Texas economy. • State & local tax revenues were equal to $43.2 billion over the past 5 years. • Total federal tax revenues over the past 5 years were equal to 25.2 billion. State of Texas  FRANCHISED DEALER — CONTINUED FROM PAGE 21 o the yed 73 tate, hat pay lerships arnings auto he state, ncluding tion he form t in in y that basis, early different igned to es will Economi Impa t Results Th results f this economic assessment include the tangible effects of auto dealers, such as jobs, labor incomes, total economic output, taxes generated, and retail impacts.T e analysis goes a step further to measure the more subtle, yet still significant, impacts of philanthropy. Where appropriate, the direct impacts of the model are showcased.These impacts represent the actual revenues and expenditures of auto dealers inTexas.They also serve as the inputs to the IMPLAN model.The total impacts – direct, indirect, and induced – are all as a result of auto dealers that operate throughout the state. Source: texasgopvote.com U.S. Congressional Districts in Texas  As a result of auto dealers inTexas, the 5-year total of economic output inTexas was $415 billion.  The state ofTexas has benefited from 1.1 million jobs due to its auto dealers.  The average annual impacts ofTexas auto dealers are:  $83 billion in economic activity  227,000 jobs  $22.5 billion in labor incomes Impact ofTexas Auto Dealers on theTexas Economy Total Economic Impact of Texas Auto Dealers: 5-Year Totals Full-Time Job Equivalents Labor Income Total Economic Activity 2009 234,077 $17,219,538,122 $61,980,748,887 2010 182,420 $19,145,842,514 $70,659,838,624 2011 204,760 $21,312,224,378 $78,811,856,574 2012 249,848 $26,158,511,035 $96,336,685,903 2013 263,836 $28,885,505,425 $107,385,191,504 TOTAL 1,133,788 $112,721,621,474 $415,174,321,492 Sources: AE, IMPLAN, TADA State ofTexas 84% 7% 9% State & Local Tax Impacts Direct Indirect Induced 55% 22% 23% Federal Tax Impacts Direct Indirect Induced  Texas auto dealers contributed a total of $68.4 billion in tax impacts from 2009 to 2013.  63% of all t x receipts remain within the local Texas economy.  State & local tax revenues were equal to $43.2 billion over the past 5 years.  Total federal tax revenues over past 5 years were equal to 25.2 billion. Total 5-YearTax Impact ofTexas Auto Dealers Sources: AE, IMPLAN, TADA State ofTexas Total State & Local Tax Impact: $43.2 Billion Total Federal Tax Impact: $25.2 Billion $36.4 B $2.9 B $3.9 B $13.9 B $5.6 B $5.7 B  Auto dealers inTexas fall into their own retail sector, which is not included in the graphics above due to scale. The total impact to the motor vehicle retail sector was $277 billion, contributing 107,000 jobs.  Also generating more than $1 billion in economic output, the food and beverage sector is a major beneficiary of auto dealer operations.  In total, retail sectors inTexas benefit by $6.2 billion. Texas Auto Dealer’s Impact on Retail Sources: AE, IMPLAN, TADA State ofTexas $0 $200 $400 $600 $800 $1,000 $1,200 Sportinggoods,hobby, bookandmusic Furniture andhome furnishings Electronicsandappliances Gasoline stations Buildingmaterial andgarden supply Miscellaneous Healthandpersonal care Clothingand clothingaccessories Directandelectronic sales Foodandbeverage Generalmerchandise Millions Retail Impacts, 5-Year Total Revenues Jobs $1,137,977,244 18,219 $1,058,730,917 17,507 $694,333,569 8,362 $694,207,304 9,917 $507,302,707 6,448 $479,877,916 10,030 $450,493,902 5,285 $388,100,735 5,511 $338,966,458 3,332 $270,650,196 2,778 $206,621,820 3,982 In Millions