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.

Question

Quizplus · Accepted Answer

Eliminating double-taxation, such as on dividends or capital gains, would likely encourage more saving and investment by reducing the tax burden on income from investments. However, since people with higher incomes are more likely to have significant investments, they would primarily benefit from such a change.

Eliminating Double-Taxation Would Likely