Accumulated over a long span of time,the tax rate on interest income
A)removes all benefits from saving.
B)reduces the benefits from saving by a small amount.
C)reduces the benefits from saving by a large amount.
D)does nor reduce any of the benefits from saving.

Question

Quizplus · Accepted Answer

Accumulated over a long span of time, the tax rate on interest income would significantly reduce the benefits from saving. As the interest income keeps growing, the tax rate would keep adding up to a large amount, ultimately reducing the benefits from saving by a considerable margin.

Accumulated Over a Long Span of Time,the Tax Rate on Interest