Proponents of the estate and gift tax argue that the tax is necessary because
A) it generates a large portion of total federal revenue.
B) it prevents "unfair" accumulation of wealth across generations.
C) it is the primary source of funding for Medicare and Medicaid.
D) it is only applied to items that have not previously been taxed.
B
Economics
You might also like to view...
A decrease in foreign incomes
A) increases aggregate demand in the United States. B) increases the aggregate quantity demanded in the United States. C) decreases the aggregate quantity demanded in the United States. D) decreases aggregate demand in the United States.
Economics
The figure illustrates the market for posters. The tax on a poster is ________ and the government's tax revenue from the sale of posters is ________ a month
A) $0.50; $150 B) $0.35; $105 C) $0.35; $200 D) $0.35; $140
Economics