Why should the tax laws to encourage saving remain as they are?
A)because a decrease in taxes would benefit the wealthy
B)because tax rates on savings are relatively low
C)because people would probably save more than if taxes were lowered
D)because tax cuts might cause a budget deficit

Question

Quizplus · Accepted Answer

Tax laws that encourage saving should remain as they are because a decrease in taxes would disproportionately benefit the wealthy, who are more likely to have significant savings and investments.

Why Should the Tax Laws to Encourage Saving Remain as They