A) A tax cut in the economy widens fiscal deficit.
B) Fiscal deficit increases the burden of taxes on future generation.
C) Higher income groups should be taxed at a progressive rate.
D) All of the above statements are correct.
Correct Answer: B
Solution :
All of the above statements given are correct as a tax cut now will add upto government's deficit and burden of payment will fall on future generation.You need to login to perform this action.
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