Texas

4. Texas

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The Lone Star State's workers are second to none, but the state is increasingly messing with their rights.

Economic Profile

Governor: Greg Abbott, Republican

Population: 29,360,759

GDP growth (Q1 2021): 4.3%

Unemployment rate (May 2021): 6.5%

Top corporate tax rate: None (levies a gross receipts tax)

Top individual income tax rate: None

Gasoline tax: 20 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/AAA, stable

Major private employers: H-E-B Super Market Chain, Exxon Mobil

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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