A Needed Reform in the U

question 65

Multiple Choice

A needed reform in the U.S.income tax system that would reduce the costs of inflation is to

• A)go back to taxing nominal wage and salary income.
• B)start taxing real wage and salary income.
• C)go back to taxing nominal interest income.
• D)tax real interest income.

---

Definitions:

Methane

A greenhouse gas consisting of one carbon atom and four hydrogen atoms, CH4, contributing to global warming.

Methanol

A simple alcohol with the formula CH3OH, known for its use as a solvent, antifreeze, fuel, and as a precursor to other chemicals.

Carbon

A chemical element with symbol C and atomic number 6, essential to all known life and the basis for organic chemistry.

Hydrogens

A chemical element with the symbol H and atomic number 1, known as the lightest element in the periodic table.