If the present tax structure is the normal tax baseline, then the level of tax expenditures:

Name: If the present tax structure is the normal tax baseline, then the level of tax expenditures:
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Question

Quizplus · Accepted Answer

Tax expenditures are defined as deviations from the normal tax baseline. If the present tax structure is considered the normal tax baseline, then by definition, there would be no deviations, and thus the level of tax expenditures equals zero.

If the Present Tax Structure Is the Normal Tax Baseline