A ________ is an incentive in the tax code for individuals and corporations to invest their money in ways that government officials desire in exchange for a reduction in tax liabilities.

Question

Quizplus · Accepted Answer

A loophole is a provision in the tax code that allows individuals and corporations to reduce their tax liabilities by investing their money in ways that are favored by the government, without directly violating the tax laws.

A ________ Is an Incentive in the Tax Code for Individuals