Why Should the Tax Laws to Encourage Saving Remain as They

question 67

Multiple Choice

Why should the tax laws to encourage saving remain as they are?

• A) because a decrease in taxes would primarily benefit the wealthy
• B) because tax rates on savings are relatively low
• C) because people would probably save more than if taxes were lowered
• D) because tax cuts might cause a budget deficit

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Definitions:

Sea Caves

Natural hollows formed by the wave action of the sea on weak points in coastal cliffs, known for their stunning landscapes and ecological habitats.

Marine Terraces

Flat, wave-cut platforms formed by the erosion of marine shores, marked by a rise in sea level or land level.

Sea Level Risen

The increase in the global average level of the oceans, attributed mainly to climate change and the melting of ice caps and glaciers.

Coastal Dunes

Natural accumulations of sand or sediment found along coastlines, formed by the wind and protecting inland areas from sea surges.