Demographics

Other Taxes

No State Coorporate Income Tax

No Personal Income Tax

State Franchise Tax: The franchise tax is imposed on all corporations doing business in the state or that are chartered or authorized to do business in the state. It is a tax on the privilege of doing business, measured by net taxable capital and by net taxable earned surplus which are apportioned to Texas. Apportionment is done by using a single gross receipts formula, and allowable deductions apply to both the capital and earned surplus components. The tax rate on net capital assets is 0.25%, or $2.50 per $1,000 of net taxable capital. To compute taxable capital, add the corporation's state capital, as defined by state law, and the corporation's surplus. The tax rate on net earned surplus is 4.5%. Corporations will calculate the franchise taxes due on taxable capital assets and on taxable earned surplus, paying the greater of the two accounts. There is no minimum tax, and no taxes are due on liabilities of less than $100.

Since the 2000 census was taken, Robinson has emerged as far and away the fastest growing city in the Waco metro area. With 7,845 residents on the books for 2000, the latest official estimate places the population of Robinson at 10,570, 34.7% higher than the 2000 census count.
The annual estimate is made by the Texas State Data Center at The University of Texas at San antonio (UTSA) using a variety of data sources.
Nearly 84% of the county's population resides in the twenty incorporated towns and cities while only 16% lives in an unincorporated area. Waco, the largest city, represents about 53% of the county's total population.