Which of the Following Statements Regarding the Revenue Structure of Texas

question 8

Multiple Choice

Which of the following statements regarding the revenue structure of Texas is incorrect?

• A) Businesses pay about fifteen percent of the total tax revenue.
• B) The general sales tax in Texas is assessed at 6.25 percent on goods and services.
• C) Texas has one of the most regressive tax structures in the nation.
• D) Heavy reliance on sales taxes gives Texas a very elastic revenue structure.
• E) The tax system puts an undue burden on those least able to pay.

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Definitions:

Triglycerides

A type of fat found in the blood that the body uses for energy.

Low-Density Lipoprotein

Often referred to as "bad" cholesterol, it is a type of lipoprotein that transports cholesterol to cells throughout the body, which can lead to plaque buildup in arteries.

Hypertension

A medical condition in which the blood pressure in the arteries is persistently elevated.

Blood-Alcohol Level

The amount of alcohol present in the bloodstream, usually measured to determine intoxication level.