> net taxable earned surplus = adjested gross income kind?
>
> I am comparing NM and TX in case you are wondering
>
> Thank you Doug
> Dana
>
> Doug White writes:
>
> > Texas does not have income taxes either personal or corporate.
> >
> > What they do have, however is called the "Franchinse Tax" which is based on the
> > amount of capital and surplus.
> >
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