Congress plans to amend the federal income tax to provide a deduction for the first $2,400 of residential rent paid by families with incomes below the federal poverty level.Which of the following statements is true?

Question

Quizplus · Accepted Answer

The amendment is intended to improve the equity of the tax system by providing a tax deduction for families with low incomes, which will reduce their tax burden and make the tax system more fair. The amendment does not necessarily improve efficiency, simplicity, or convenience of the tax system.

Congress Plans to Amend the Federal Income Tax to Provide