![]() Data were drawn from Tax Analysts, Federation of Tax Administrators, individual state tax return forms and the Bureau of Economic Analysis. Therefore, we believe the best measurement for an effective corporate tax rate for Texas is to average the 4.5648 percent measure we would use if the tax were a gross receipts tax and the 0.75 percent highest rate on its margin tax, leading to our measure of 2.66 percent. A margin tax creates less distortion than a gross receipts tax. ![]() The Texas franchise tax is not a traditional gross receipts tax, but is instead a “margin” tax with more than one rate. For an explanation of the estimation of Texas’ franchise tax, see note below. In the case of gross receipts or business franchise taxes, an effective tax rate is approximated using NIPA profits, rental and proprietor’s income and gross domestic product data. A state’s largest city is used as a proxy for local tax rates. ![]() This variable includes local taxes, if any, and includes the effect of federal deductibility, if allowed. (tort litigation treatment, judicial impartiality, etc.) Then there is also Microsoft 365 which apparently is always the latest version of Office. ![]() Public Employees Per 10,000 of Population I know that since then Outlook 2016 has come out and Outlook 2021 is the latest version that is available. (change in tax liability per $1,000 of income) ![]()
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