Which of the following is not a social objective of the tax laws?
A)Fight unemployment problems of certain disadvantaged groups of citizens through the targeted jobs credit.
B)Place more after-tax income into the hands of taxpayers for their disposal.
C)Relieve the tax burdens of taxpayers who are 65 or over or are blind.
D)Subsidize the cost of a home, and thus encourage home ownership.
E)Encourage individuals to provide for their future needs by contributing to their retirement savings accounts.

Question

Quizplus · Accepted Answer

Placing more after-tax income into the hands of taxpayers for their disposal is not a social objective of the tax laws. It is often a result of tax cuts or changes in tax rates, but it is not a specific social objective. The other options listed all have social objectives, such as fighting unemployment, providing relief for vulnerable taxpayers, encouraging homeownership, and promoting retirement savings.

Which of the Following Is Not a Social Objective of the Tax