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Unformatted text preview: poor. Regressive – takes more from the poor than the wealthy The 6.25% general sales tax is where the revenue comes in for texas. (Regressive) Benefit principle/ users tax – you pay a tax if you use it ie: gasoline Regulatory/ sin tax – sin taxes are placed by the majority of people who believe we should not do these things ( cig/beer) Regulate peoples behavior 60% of revenue is the income tax for the nation Property taxes are source of revenue for local governments Influence policy making and loop holes for their groups – special interest groups About 1/3 of total budget comes from the federal government/ grants. For highways The wealthy elite always go on Earmarked and dedicated- the framers earmarked/dedicated most of the funds that we take in. Education, public education k-12 and higher education is 45% of Texas budget 1/3% of budget goes to health and human services, most of federal money goes to that....
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- Fall '08
- Government, Legislative Budget Board, money Biannual budget