All of the following are tax expenditure programs except:
A) exclusion of employer provided pension contributions
B) all of these are tax expenditure programs
C) deductibility of mortgage interest on one's private home
D) exclusion of employer contributions for medical insurance premiums
E) reduced tax rates on long-term capital gains

Question

Quizplus · Accepted Answer

Tax expenditure programs are government spending that is implemented through the tax code. This means that certain tax provisions result in a reduction in revenue for the government, similar to direct spending programs. All of the options listed, except for option B, are examples of tax expenditure programs. Option B states that all of the options are tax expenditure programs, which is incorrect.

All of the Following Are Tax Expenditure Programs Except