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.”
Taxes & Spending
What is Motivating All the Marketing Mailers in Prosper ISD?
Prosper ISD, a small affluent school district in North Texas, is asking voters to approve four bond propositions costing $2.8 billion (principal only) or more than $5 billion when principal and interest are both accounted for, according to the Voter Information Document. But while most people, including myself, have been fixated on the bond package’s...
November 3, 2023