Texas legislators are trying to impose a sales tax on our real estate and mortgage commissions for real estate transactions. Check out this link from TREC.
http://tinyurl.com/yct7sob
This must be stopped!
Texas legislators are trying to impose a sales tax on our real estate and mortgage commissions for real estate transactions. Check out this link from TREC.
http://tinyurl.com/yct7sob
This must be stopped!
If you don't pay sales tax on your commissions, you are very fortunate indeed. Not only do we pay sales tax on both goods and services but if the tax is collected from the customer/client, then that is taxed as well. The end result is an effective rate of 4.166%. Like you, I wish it could be stopped and you're right to hit it hard before it becomes law.
Comments(2)