Doesn't add up
I’m puzzled by your claim that 40 percent of Texas tax revenue comes from oil. The total revenue received by Texas from all taxes last year was 40.2 percent of its revenue. Total revenue collected from gas and oil production, oil and gas production taxes, are only 2 percent of the total tax revenue. So where does the other 38 percent come from?
Aug 19 2011 - 4:02pm