To: Arkinsaw
I have looked at both sides of State Line Avenue. I frankly don't see a big difference.
To: DeaconBenjamin
It depends on what you want to do. Texas has a higher franchise fee than does Arkansas so you might want to go to the Arkansas side if you are opening a McDonalds. Texas has a higher property tax so if you are going to retire to a big house you might go to the Arkansas side. If you are going to have a high income, you might go to the Texas side. Arkansas unemployment insurance is higher so if you have a lot of employees you might want to go to Texas.
It is my understanding that a lot of banks land on the Arkansas side because of the income tax border-city thing. Which is something the rest of us in Arkansas don't enjoy. If the choice is between Texarkana, TX and Hope, Arkansas the choice is Texarkana. If its between Texarkana, AR and its border-city exemption and Texarkana, TX then the choice is more even.
With the border exemption they try to even things up. My point is that they don't even things up for the rest of Arkansas and the rest of Arkansas has to compete with Texas also.
6 posted on
02/15/2004 10:00:10 AM PST by
Arkinsaw
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