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Podcast: The Real Estate Espresso Podcast
Episode: Texas May Change Its Constitution
Description: Capital tends to flow where it is treated the best. Well the state of Texas is considering a change to its constitution which will have no immediate impact on taxes. Currently the state of Texas has no state income tax for individuals or businesses. It also has no capital gains tax. Texas is currently in the process of considering a constitutional amendment that would permanently prohibit a state-level capital gains tax. This is a significant development, especially since Texas already has no state income or capital gains tax. The proposed change isn't to add a tax, but to...