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Texas has taken the latest round in its competition with california, enticing toyota to move its headquarters to the lone star state.
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Know when to find one. Blake little / getty images texas is one of only seven states that has no personal income tax. Texas has no personal income tax, but it does tax real and some tangible personal property, as well as gasoline, cigarettes, and even fireworks. There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. Additionally, states levy extra taxes on items such as liquor, tobacco products, and gasoline.
Tax attorneys are best for handling complex tax issues such as estate planning, international business, or going to tax court.
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