This topic contains a solution. Click here to go to the answer

Author Question: Which characterization of the Texas system of taxation is not accurate? a. The business franchise ... (Read 112 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
Which characterization of the Texas system of taxation is not accurate?
 
  a. The business franchise (margins) tax in Texas is a significant burden on the business community and has raised far more money for the state than expected.
  b. Texas has no personal income tax and no true corporate income tax.
 c. Texas tax policy reflects its individualistic and traditionalistic political cultures.
 d. Texas taxes place a heavier burden on low- and middle-income families than on businesses or the wealthy.
  e. Texas overrelies on sales taxes.

Question 2

The overall tax system in Texas _____.
 
  a. falls much more heavily on the rich than on the poor
  b. falls more heavily on the middle class than either the rich or poor
  c. relies on pay-as-you-go taxes that are equitable to all groups
  d. falls disproportionately on poor and middle income earners
  e. is financed by voluntary taxes such as sin taxes on optional items like cigarettes and the Texas Lottery



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

a

Answer to Question 2

d




mp14

  • Member
  • Posts: 534
Reply 2 on: Jul 8, 2018
Great answer, keep it coming :)


Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

For a complete list of videos, visit our video library