Houston Tax Information
Taxation includes income as well as property tax which is based on earnings and is divided into Federal and State tax. Apart from income and property tax, there are taxes related to gifts, sales, inheritance, capital gains among a host of other forms of taxes.
Great Income Tax
Tax Chart
Below is a chart on tax collection in Texas in the Fiscal Year 2004 based on figures collected by Data 2004, Chief Financial Officer, Revenue Financial Management. The amount is for the area of Houston, Texas.
Total Internal Revenue collections $152,691,189
Corporation income tax 17,127,574
Total 118,410,514
Income tax not withheld and SECA tax 20,292,504
Income tax withheld and FICA tax 96,931,332
Railroad retirement tax 672,956
Unemployment insurance tax 513,722
Estate Tax 109,558
Gift Tax 104,214
Excise Taxes 15,939,329
About Tax
Federal income tax is applicable to all citizens as well as residents of the US, even though some states do not implement income tax. Federal income tax was considered a legal tax law in 1913 during the ratification of the 16th amendment to the Constitution. The Congress is responsible for putting together the tax laws which are part of the tax code. The IRS is in charge of interpreting these tax codes. The IRS is ruled by a commissioner appointed by the President and is part of the US Treasury Department based in Washington D.C.
Houston Tax Attorney Expertise
Tax attorneys in Houston are able to handle the complexities of tax law. They can clarify the various state and federal tax laws which affect all the citizens and residents of the US. They can offer their valuable expertise in these areas :
- Income Tax
- Corporate Taxation
- Recent Estate & Gift Tax
- State Statutes Dealing with Taxation
- International Taxation
Robert M. Mendell, Attorney at Law, P.C is one of the most established business and tax law firms in Houston. It deals with both individual as well as corporations in connection to all kinds of taxation issues ranging from administration and implementation of various legal issues. It also takes care of tax planning and tax law, estate planning, mergers and acquisitions, business organization and formation, and probate administration. Tax attorney, Robert M. Mendell is also Board Certified in tax law along with being a licensed Certified Public Accountant. He is famous for his advice on tax-advantaged formations and tax favored options customized for his clients.
Another renowned tax attorney in the area of Houston is Joe Mastriano, CPA. He is licensed by the state and is a member of the state board of accountants as well as state bar association. He has been successful in solving innumerable IRS problems for his clients. |