Basic economics explains that taxes on businesses are simply passed onto taxpayers in the form of higher prices, lower wages, and fewer jobs. In other words, businesses do not pay taxes; taxpayers do. This has been at the heart of the discussion about the business tax in Texas known technically as the franchise tax but commonly called the “margin tax.”
‘Tis the Season—for Property Taxes
The ornaments are packed away. The mailbox is filling up. The season of giving has passed into the season of paying what you owe, and just as that credit card statement is on its way from Christmas so too is the next property tax bill beginning to take shape. Tax relief promised by the Texas...