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
You might also like to view...
Currently, about ________ of all health care spending is paid by individuals.
A. 3 percent. B. 45 percent. C. 89 percent. D. 10 percent.
In the market for euros, a decrease in U.S. imports from Europe tends to
A. increase excess demand. B. decrease equilibrium price. C. cause no change in equilibrium price. D. increase equilibrium price.
If you pay $35 for a sticker that entitles you to park on campus for 35 weeks of the academic year, the marginal dollar cost to you of parking your car on campus on any given weekday will be
A) $35. B) $1. C) $.20. D) zero. E) negative.
Which statement is false?
A. The 1990s was one of the most prosperous decades in the United States' history. B. The United States' economy reached its tenth year of steady expansion in the spring of 2001. C. Compared to other decades, the 1990s was a decade was unique in that it had strong economic growth with no recessions. D. At the end of the 1990s, the government was running budget surpluses.