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Taxes: Texas v. Louisiana

By: Paul Sweazy
Updated: July 9, 2012
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Midnight marks the end of the stressful tax season in the United States. However, depending on which state you live in, your stress level might be higher.

The state of Louisiana collects state income tax. Anyone working within the state pays between two and six percent of their income, depending on their tax bracket. Residents generally get most of that back, but the more you earn, the less you get back from the state.

Texas, on the other hand, does not collect income tax at all. People working in the Lone-Star-State must only file a federal return in April.

Those who live in one state and work in the other have to consider where their property lies, and where they earn their income when filing tax returns. For many in the Ark-La-Tex, that means paying one state's tax while living in another that does not collect one at all, and doing double tax duty when mid-April rolls around.

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