Overall, the Tax System in Texas Is Generally Considered to Be

question 21

Multiple Choice

Overall, the tax system in Texas is generally considered to be regressive, which means that

• A) the tax burden consumes a greater percentage of income received by lower-income individuals.
• B) the tax burden consumes a greater percentage of the income earned by higher-income individuals.
• C) everybody pays the same percent of the their income in taxes.
• D) the more income you have, the larger the percentage of it that goes to pay taxes.
• E) higher-income individuals pay progressively more taxes based on their incomes.

---

Definitions:

Hi-Tech

Referring to the latest technology and equipment that are both advanced and sophisticated.

Top Managers

Senior executives responsible for making strategic decisions and overseeing a company's operations.

Long-Range Plans

Strategic initiatives and objectives set by an organization to be achieved over an extended period, typically over several years.

Line Organization

A traditional business structure with direct, clear lines of authority and communication from top management to employees.