Author Question: Why are revenue shortfalls such a problem for the Texas tax system? a. The state relies too much ... (Read 96 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
Why are revenue shortfalls such a problem for the Texas tax system?
 
  a. The state relies too much on sales taxes.
  b. When the economy is weak, people stop buying and thus stop paying sales taxes.
  c. The system relies heavily on spending by low- and middle-class individuals.
  d. All of these are reasons for revenue shortfalls.
 e. None of these is a reason for revenue shortfalls.

Question 2

The two most significant problems with the tax system in Texas are _____.
 
  a. fairness and the lack of elasticity
 b. its focus on personal and corporate income taxes
 c. its overreliance on state property taxes and borrowing
  d. its overtaxing of businesses both large and small
 e. all of these



dajones82

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

d

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

For a complete list of videos, visit our video library