Among other reasons, how does Texas tax law encourage corporations to relocate to the state? Texas lacks a corporate income tax, meaning corporations pay no state tax on profits made in the state. The state uses funds raised from income to fund a world-class school system. The state's tax structure is progressive in nature, helping workers afford to live in the state. Texas's high levels of income tax mean that the state has no sales tax on products made in the state.
Among other reasons, how does Texas tax law encourage corporations to relocate to the state? Texas lacks a corporate income tax, meaning corporations pay no state tax on profits made in the state. The state uses funds raised from income to fund a world-class school system. The state's tax structure is progressive in nature, helping workers afford to live in the state. Texas's high levels of income tax mean that the state has no sales tax on products made in the state.
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Transcribed Image Text:Among other reasons, how does Texas tax law encourage corporations to
relocate to the state?
Texas lacks a corporate income tax, meaning corporations pay no state
tax on profits made in the state.
The state uses funds raised from income to fund a world-class school
system.
The state's tax structure is progressive in nature, helping workers afford
to live in the state.
Texas's high levels of income tax mean that the state has no sales tax on
products made in the state.
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