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
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