Which of the following is needed to implement the income-shifting strategy?
A)Taxpayers with varying tax rates
B)Decreasing tax rates
C)Increasing tax rates
D)Unrelated taxpayers
E)None of the choices are correct.

Question

Quizplus · Accepted Answer

The income-shifting strategy involves shifting income from a taxpayer with a higher tax rate to a taxpayer with a lower tax rate. Therefore, taxpayers with varying tax rates are needed to implement this strategy.

Which of the Following Is Needed to Implement the Income-Shifting