Texas has no income tax, which is a big draw for corporate executives who do business there. But it's hardly tax-free. The property taxes are high for a Southern state. The sales taxes are high. One study found that the bottom 20 percent of the Texas population pays 12 percent of its income in state and local taxes.

Gail Collins

Gail Collins

Big Bottom Business Corporate Draw Executives Found Hardly High Income Income Tax Local Pays Percent Population Property Sales Southern State Study Tax Taxes Texas Which Who

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Individual income tax is due on April 15, filing and payment. The real property tax deadline is February 20 for the first installment, and April 20 for the second installment. We're going to accept the 2005, and within the 2005 the Earned Income Tax Credit will be allowed in the tax return.

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The whole property tax discussion is about reform ... moving the property tax system to an income tax based system. We're talking about the wrong issues.

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We're going to look awfully stupid if we give income tax relief to people who do not pay income taxes.

— Joe Scarborough

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