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.
D
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