In Texas, we don’t understand the meaning of the word “diversify”

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In addition to sales and income tax, states are funded through other sources, like corporate tax, severance tax (taxes incurred on the production of non-renewable resources, like oil), or property tax. In the below graphic, the Pew Charitable Trusts breaks down the percentage of each of these sources in the 50 states.

pub. 07/2017

 

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