Based on Information Provided in the Textbook,which of the Following

Based on information provided in the textbook,which of the following statements is true regarding taxing millionaires and the budget deficit in 2012?

A) If the government had taxed all income earners who earned more than $1 million a 100 percent income tax rate,the budget deficit would have been completely eliminated,and a budget surplus would have been incurred.
B) If the government had taxed all income earners who earned more than $1 million a 50 percent income tax rate,the budget deficit would have been completely eliminated.
C) If the government had taxed all income earners who earned more than $1 million a 100 percent income tax rate,the budget deficit would have fallen but not been completely eliminated.
D) If the government had taxed all income earners who earned more than $1 million a 100 percent income tax rate,the budget would have been balanced.