Most loopholes in the income tax system
A)are more likely to be exploited by the wealthy.
B)make it more progressive.
C)were created by the tax reforms instituted in 1986.
D)do not affect the economic decisions of the people who benefit from them.

Question

Quizplus · Accepted Answer

Loopholes in the income tax system are often exploited by the wealthy who have the resources and knowledge to take advantage of them. This allows them to pay less in taxes or avoid taxes altogether, making the system less progressive.

Most Loopholes in the Income Tax System