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It seems that if you change the Tax Text within the Payment Wizard it will not work and will just revert back to what it was before. I was also able to reproduce that on my end and I will forward this to our development team.
Meanwhile, you can change the Tax Text also by double-clicking it from the Payment field itself.
The screenshot below will show you how you can do it:
I hope this helps. If you have any further questions regarding this, please feel free to contact us again anytime.
Thank you for your help and your thoroughness!
We've issued an update that corrected the issue.
If you experience further problems, feel free to write us.
We're here to help.
Thank you very much