U.S.public Policy Discourages Saving Because

question 11

Multiple Choice

U.S.public policy discourages saving because

• A)other things the same,taxes increase the return from savings.
• B)means tested programs such as Medicaid provide lower benefits to those who did not save.
• C)none of parents' bequest to their children is taxed.
• D)some forms of capital income are taxed twice.

---

Definitions:

Laches

An equitable doctrine that bars a party’s right to legal action if the party has neglected for an unreasonable length of time to act on his or her rights.

Common Law

A legal system characterized by judicial decisions that are cited as precedent in future cases, originating in England and used in many countries.

Statutory Law

Laws established by enacting statutes or legislation by the government.

Interpret A Statute

The process of determining the meaning and intention behind the language of a law or statute.