Find all School-related info fast with the new School-Specific MBA Forum

It is currently 25 Oct 2014, 05:30

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Abolish taxes, and real taxpayers would find that their

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Director
Director
avatar
Joined: 03 Jul 2003
Posts: 656
Followers: 2

Kudos [?]: 17 [0], given: 0

Abolish taxes, and real taxpayers would find that their [#permalink] New post 02 Feb 2004, 13:01
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

50% (02:08) correct 50% (01:12) wrong based on 1 sessions
20. Abolish taxes, and real taxpayers would find that their disposable incomes have increased. Abolish taxes, and public employees would find that their incomes have disappeared.

Which one of the following is a logical conclusion that depends on information in both of the statements above?

(A) Public offices should be abolished so that disposable incomes will rise.

(B) The only real taxpayers are those who would have more to spend if they did not pay taxes.

(C) Public employees are not real taxpayers.

(D) Public employeesтАЩ incomes should not be taxed since they come from taxes.

(E) If there were no taxes, then public employees could not be paid.
Director
Director
avatar
Joined: 03 Jul 2003
Posts: 656
Followers: 2

Kudos [?]: 17 [0], given: 0

 [#permalink] New post 02 Feb 2004, 13:22
Zhung Gazi wrote:
blind shot e


Looks like I'm not the only blind person here :lol:
Intern
Intern
User avatar
Joined: 09 Dec 2003
Posts: 20
Location: Stockholm
Followers: 0

Kudos [?]: 0 [0], given: 0

 [#permalink] New post 02 Feb 2004, 13:44
I think this is not a GMAT type of question. Am I right?
_________________

Salvador aí vou eu!!!

GMAT Instructor
User avatar
Joined: 07 Jul 2003
Posts: 771
Location: New York NY 10024
Schools: Haas, MFE; Anderson, MBA; USC, MSEE
Followers: 11

Kudos [?]: 33 [0], given: 0

Re: LS-T1-CR4-20 [#permalink] New post 03 Feb 2004, 04:46
kpadma wrote:
20. Abolish taxes, and real taxpayers would find that their disposable incomes have increased. Abolish taxes, and public employees would find that their incomes have disappeared.

Which one of the following is a logical conclusion that depends on information in both of the statements above?

(A) Public offices should be abolished so that disposable incomes will rise.

(B) The only real taxpayers are those who would have more to spend if they did not pay taxes.

(C) Public employees are not real taxpayers.

(D) Public employeesтАЩ incomes should not be taxed since they come from taxes.

(E) If there were no taxes, then public employees could not be paid.


This question is not very difficult. The stimulus says that IF taxes are abolished, then all real taxpayers will have there income rise. It also says that If taxes are raised, then public employees will have income decrease. Well, since ALL real taxpayers will have their incomes rise, and public employees will not have their incomes rise, then it follows that public employees cannot be real taxpayers.

C.

C'est simple, n'est pas?
_________________

Best,

AkamaiBrah
Former Senior Instructor, Manhattan GMAT and VeritasPrep
Vice President, Midtown NYC Investment Bank, Structured Finance IT
MFE, Haas School of Business, UC Berkeley, Class of 2005
MBA, Anderson School of Management, UCLA, Class of 1993

Senior Manager
Senior Manager
avatar
Joined: 26 Jan 2004
Posts: 402
Location: India
Followers: 1

Kudos [?]: 0 [0], given: 0

 [#permalink] New post 04 Feb 2004, 05:03
I would say E.

Because E is the Direct conclusion of the given statement.

"Abolish taxes, and public employees would find that their incomes have disappeared"

Which means no taxes, hence no pay to public employees
_________________

Raise, Go-ahead and Conquer

GMAT Instructor
User avatar
Joined: 07 Jul 2003
Posts: 771
Location: New York NY 10024
Schools: Haas, MFE; Anderson, MBA; USC, MSEE
Followers: 11

Kudos [?]: 33 [0], given: 0

 [#permalink] New post 05 Feb 2004, 02:56
mba wrote:
I would say E.

Because E is the Direct conclusion of the given statement.

"Abolish taxes, and public employees would find that their incomes have disappeared"

Which means no taxes, hence no pay to public employees


E simply restates the second statement. You are asked for a CONCLUSION based on BOTH statements. Don't be fooled by the sucker answer...
_________________

Best,

AkamaiBrah
Former Senior Instructor, Manhattan GMAT and VeritasPrep
Vice President, Midtown NYC Investment Bank, Structured Finance IT
MFE, Haas School of Business, UC Berkeley, Class of 2005
MBA, Anderson School of Management, UCLA, Class of 1993

SVP
SVP
User avatar
Joined: 30 Oct 2003
Posts: 1798
Location: NewJersey USA
Followers: 4

Kudos [?]: 37 [0], given: 0

 [#permalink] New post 05 Feb 2004, 05:46
Well I thought loss of income is a subset of reduction in income. The public employees may also be paying taxes. We cannot assume that they did not. Nothing about they pay taxes or not is stated. The real tax payers are those who pay taxes and their income goes down if taxes are increased. This can happen to public employees as well.
Manager
Manager
User avatar
Joined: 09 Jun 2003
Posts: 188
Location: work chair
Followers: 2

Kudos [?]: 7 [0], given: 0

 [#permalink] New post 07 Feb 2004, 06:17
usually, it does not make sense to argue with akamai, since he is always right. would be nice to hear it from kpadma
GMAT Instructor
User avatar
Joined: 07 Jul 2003
Posts: 771
Location: New York NY 10024
Schools: Haas, MFE; Anderson, MBA; USC, MSEE
Followers: 11

Kudos [?]: 33 [0], given: 0

 [#permalink] New post 07 Feb 2004, 18:41
No, I am certainly not always right. Please feel free to criticize me anytime. If I find flaw in your logic, I (or someone else) will point it out. If you are right, I will graciously admit it. Either way you learn something...

:)
_________________

Best,

AkamaiBrah
Former Senior Instructor, Manhattan GMAT and VeritasPrep
Vice President, Midtown NYC Investment Bank, Structured Finance IT
MFE, Haas School of Business, UC Berkeley, Class of 2005
MBA, Anderson School of Management, UCLA, Class of 1993

1 KUDOS received
Intern
Intern
avatar
Joined: 30 Mar 2007
Posts: 47
Followers: 0

Kudos [?]: 54 [1] , given: 0

Re: LS-T1-CR4-20 [#permalink] New post 21 Dec 2008, 04:41
1
This post received
KUDOS
Note that in this question, both statements are truths. They are stated as fact without opinion. As such, there is no room for opinion in the answer choice. Thus the following choices (A and D) can be immediately eliminated as they are opinions being a salt of 'should' is there in both of these choices.

E repetition of last sentence in the argument.
B says talks only about first sentence with no reference to public employees.

C rules
VP
VP
User avatar
Joined: 05 Jul 2008
Posts: 1435
Followers: 35

Kudos [?]: 226 [0], given: 1

Re: LS-T1-CR4-20 [#permalink] New post 21 Dec 2008, 12:36
Good one! I fell for the sucker. The word real, which most of us did not pay attention is the gap between the correct and wrong answer.
Manager
Manager
avatar
Joined: 21 Dec 2008
Posts: 79
Followers: 1

Kudos [?]: 25 [0], given: 0

Re: LS-T1-CR4-20 [#permalink] New post 28 Dec 2008, 06:33
go with E...is it right?
Re: LS-T1-CR4-20   [#permalink] 28 Dec 2008, 06:33
    Similar topics Author Replies Last post
Similar
Topics:
Abolish taxes, and real taxpayers would find that their rdg 9 27 Feb 2007, 09:19
Abolish taxes, and real taxpayers would find that their kripalkavi 14 28 Jan 2007, 20:24
Abolish taxes, and real taxpayers would find that their mailtheguru 7 04 Aug 2006, 08:54
Abolish taxes, and real taxpayers would find that their hkm_gmat 10 29 Dec 2005, 10:51
Abolish taxes, and real taxpayers would find that their WinWinMBA 10 06 May 2005, 14:44
Display posts from previous: Sort by

Abolish taxes, and real taxpayers would find that their

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.