Why should the tax laws to encourage saving remain as they are?
A) because a decrease in taxes would primarily benefit the wealthy
B) because tax rates on savings are relatively low
C) because people would probably save more than if taxes were lowered
D) because tax cuts might cause a budget deficit

Question

Quizplus · Accepted Answer

Lowering taxes on savings would primarily benefit the wealthy, who are more likely to have significant savings, rather than encouraging savings across all income levels.

Why Should the Tax Laws to Encourage Saving Remain as They