All of the Following Statements Are True Except

question 173

Multiple Choice

All of the following statements are true except

• A) an income tax taxes savings twice only if consumption is the measure used to gauge a person's ability to pay.
• B) proponents of income as a tax base argue that you should be taxed on what you draw out of the common pot instead of on the basis of your ability to draw from the pot.
• C) the double taxation of saving tends to reduce the saving rate.
• D) at this time, there is not clear consensus on what the best tax base is.

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