In Texas and the Austin region, we've formalized a friendly attitude into a business climate that is truly user friendly. The tax structure is fair, competitive and designed to make companies feel welcome.
Texas is one of only a handful of states with no individual income tax (a very attractive environment for transferring employees). Total state and local taxes averaged $4,861 per person in 2021, 23% less than the national average. Similarly, state and local taxes in Texas are low relative to income, amounting to $81 per $1,000 of personal income, compared to the national average of $99 per $1,000.