Asked by Attila Szalay on May 11, 2024
Verified
Eliminating double-taxation would likely
A) raise saving and primarily benefit people with lower incomes.
B) raise saving but primarily benefit people with higher incomes.
C) reduce saving but primarily benefit people with lower incomes.
D) reduce saving and primarily benefit people with higher income.
Double-Taxation
The taxation of the same income or financial transaction at two different levels, such as corporate profits and then again when distributed as dividends to shareholders.
Saving
Saving refers to the portion of income that is not spent on current consumption but preserved for future use, often by depositing in banks or investing.
Lower Incomes
Refers to the segment of the population or individuals who earn comparatively less money relative to the median income.
- Fathom the effects of fiscal and monetary policies on the propensities for savings, consumption, and investment.
Verified Answer
Learning Objectives
- Fathom the effects of fiscal and monetary policies on the propensities for savings, consumption, and investment.
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