Tax loopholes in the personal income tax benefit only very rich people.

Question

Quizplus · Accepted Answer

Tax loopholes in the personal income tax can benefit both rich and middle-class individuals, as some deductions and credits are available to all taxpayers regardless of income level. However, some higher-income individuals may be able to take advantage of certain provisions in the tax code that are not available to those with lower incomes, which can result in a larger tax benefit. Hence, it is not true that tax loopholes exclusively benefit very rich people.

Tax Loopholes in the Personal Income Tax Benefit Only Very