The four types of taxes in Texas are: Personal income tax, General sales tax, Excise taxes, and Corporate income tax. The regressive aspects of the Texas tax system refers to taxes like property and sales tax.
Taxes refers to a compulsory payment levied by the government on various income sources. These are deposited in the state exchequer for capital and revenue expenditure of the government.
Four types of taxes in Texas are:
Personal income tax: tax on income of individual citizens.
General sales tax: tax on the receipt from sale of goods and services.
Excise taxes: tax on production and sale of a commodity.
Corporate income tax: tax on profits earned by a corporation.
Some taxes like property and sales tax tend to be regressive. This means that people with lower incomes pay a higher portion of income on these taxes compared to those with higher incomes.
To learn more about taxes in Texas: brainly.com/question/10624731
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