Five years ago, as part of a plan to encourage citizens of Levaska to increase the amount of money they put into savings, Levaska’s government introduced special savings accounts in which up to $3,000 a year can be saved with no tax due on the interest unless money is withdrawn before the account holder reaches the age of sixty-five. Millions of dollars have accumulated in the special accounts, so the government’s plan is obviously working.
Premise 1: 5 yrs ago, L's government plan to encourage L's citizens put more (increase)
money in savings
Premise 2: Special savings account in which $3,000 a year can be saved with no tax on interest
Premise 3: If the money is withdrawn before the account holder read 65 age, interest will be taxed
Premise 4: Special accounts got million dollar
Conclusion: The plan (encouraging to put more money in bank) is good
Which of the following, if true, most seriously weakens the argument?
A. A substantial number of Levaskans have withdrawn at least some of the money they had invested in the special accounts. => quite attack, but they do not withdraw all money. Savings accounts are still efficient in accumulate money
B. Workers in Levaska who already save money in long-term tax-free accounts that are offered through their workplace cannot take advantage of the special savings accounts introduced by the government. => totally irrelevant
C. The rate at which interest earned on money deposited in regular savings accounts is taxed depends on the income bracket of the account holder. => out of scope. We are talking about special ones
D. Many Levaskans who already had long-term savings have steadily been transferring those savings into the special accounts. => This one worked. It attack the plan, the money in banks did not increase significantly. Instead, it almost remained
E. Many of the economists who now claim that the government’s plan has been successful criticized it when it was introduced. => Strengthen and quite out of scope
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