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Tax Lawyer, Vol. 60, No. 4 MORE THAN A MARGINAL CHANGE TO TEXAS TAXATION 959THE NEW TEXAS MARGIN TAX: MORE THAN A MARGINAL CHANGE TOTEXAS TAXATION Cynthia M. Ohlenforst* I. OVERVIEW The Texas franchise tax differs in multiple respects from other states’ franchise and income taxes, in part because of the bifurcated formula that has been in place for several years for calculating the amount due. Although once imposed solely on taxable capital, the tax has included an alternate “earned-surplus”...