Below are state taxes in Texas. Property taxes are local and will vary by location.
Sales Tax |
8.25% Maximum |
Personal Income Tax |
NONE |
Franchise Tax |
0.5% |
Corporate Income Tax |
NONE |
Unemployment Insurance Tax |
.54% - 7.35% range; 1.82% average; 2.7% new employers |
Burdensome Regulations |
NO |
State Budget Surplus |
$26.9 Billion |