2008 is here, and so is the new Margin Tax

It seemed like a long time into the future when the Texas Legislature passed the revised franchise tax - affectionately known as the margin tax - to take effect in 2008. Well the future is here and State Comptroller Susan Combs will soon be collecting the first revenues from the revised tax. According to the NFIB, many taxpayers remain unaware of what's coming.

The Houston Chronicle published a timely article warning the uninformed: the taxman cometh and he cometh where he has not gone before.