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.”
Local Government
May 2026 Bond Election Report
Although there have been many strides taken at the state level to reduce the property tax burden, local governments’ incessant and reckless spending continues to drive up the bill. Key points: In May 2026, Texas voters considered 439 bonds. Of those, 233 were approved. The passage rate for bond propositions for the May 2026 cycle...
November 3, 2026