Policies to encourage higher personal saving rates include ________.
A)raising income taxes
B)lowering sales taxes
C)raising taxes on pension plans
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Policies to encourage higher personal saving rates typically involve measures that make saving more attractive or reduce the tax burden on savings. Raising income taxes, lowering sales taxes, or raising taxes on pension plans do not directly encourage higher personal saving rates. Instead, policies such as reducing taxes on savings accounts or providing incentives for contributions to retirement accounts are more aligned with encouraging personal saving.

Policies to Encourage Higher Personal Saving Rates Include ________