Assume that Congress plans to amend the federal income tax to provide a deduction for the first $2,400 of residential rent paid by families with incomes below the federal poverty level. Which of the following statements is true?

Question

Quizplus · Accepted Answer

The amendment is intended to improve the equity of the tax by providing a deduction for families with low incomes to decrease their tax burden and provide some relief. This helps to ensure a fairer distribution of tax burden across different income groups.

Assume That Congress Plans to Amend the Federal Income Tax