A $100 Tax Deduction Is More Valuable to a Taxpayer

question 56

True/False

A $100 tax deduction is more valuable to a taxpayer than a $100 tax credit.

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Definitions:

Bloody Shirt

A term referring to the practice of political leaders invoking the blood of martyrs or heroes to inspire support or justify their actions, often used to rally votes or support.

Homestead Act

A US law enacted in 1862 that provided 160 acres of public land for free to any adult who paid a small registration fee and agreed to live on and cultivate the land for at least five years.

Fenians

A secret 19th-century Irish nationalist organization aiming for the establishment of an independent Irish Republic.

Carpetbaggers

Derogatory term for Northerners who moved to the South after the U.S. Civil War, perceived to be exploiting the region.