Ask Bob Bullock: Texas tax facts and guard dogs tax status
Texas ranks 43rd in state taxes and 30th in local taxes as a share of personal income. Texans paid 9.9 percent of their income in state and local taxes in 1975, below the national average of 11.9 percent. Guard dogs are work animals and their sale or lease is tax exempt.
MENTIONED IN THIS ARTICLE
Bullock
Texas
California
U.S. Advisory Commission On Intergovernmental Relations
Mr. Bullock
Life Insurance Proceeds Turned Into Monthly Income
An adviser explains that a 65 year old with a $100000 straight life policy bought at 35 can convert the policy into guaranteed income. The text notes a guaranteed cash value around $45000 and an expected monthly income near $280, totaling about $3360 yearly.
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