Texas Margin Tax Experiment Failing Due to Collection Shortfalls, Perceived Unfairness for Taxing Unprofitable and Small Businesses, and Confusing Rules

With the Texas margin tax collecting far less in revenue than expected, causing significant confusion and compliance costs, resulting in significant litigation and controversy over “cost of goods sold” definitions, and facing calls for substantial overhaul and even repeal, it should not be used as a model tax reform for any other state.

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