[Verse 1]
Beyond income tax there's more to pay
State and local find their way
Franchise fees when you incorporate
Gross receipts on what you make
Texas margin tax will take its share
Washington's B and O is there
Even if your profit's thin
These taxes still come rolling in
[Chorus]
Five more taxes you should know
FGTUE, watch your dough
Franchise, Gross receipts too
Transfer tax when property's new
Unclaimed funds they'll take away
FGTUE every single day
State and local want their piece
These five taxes never cease
[Verse 2]
When you buy or sell real estate
Transfer taxes calculate
Recording deeds at county hall
Stamp taxes on them all
Every state has different rates
Some are low and some are great
Documentation fees apply
Real estate you cannot buy
[Chorus]
Five more taxes you should know
FGTUE, watch your dough
Franchise, Gross receipts too
Transfer tax when property's new
Unclaimed funds they'll take away
FGTUE every single day
State and local want their piece
These five taxes never cease
[Verse 3]
Unclaimed property sits too long
Bank accounts where you belong
Delaware versus New York's fight
Who gets first dibs on your might
Escheat laws will take your gold
If your accounts grow too old
States are hunting for your cash
Before it turns to government stash
[Bridge]
Business privilege tax they call it
Even when your books are all red
Gross receipts tax on revenue
Not the profit coming through
Property transfers cost you more
Than the price you bargained for
[Chorus]
Five more taxes you should know
FGTUE, watch your dough
Franchise, Gross receipts too
Transfer tax when property's new
Unclaimed funds they'll take away
FGTUE every single day
State and local want their piece
These five taxes never cease
[Outro]
Remember FGTUE today
Don't let these taxes slip away
Plan ahead and calculate
Before it gets too late