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

It is currently 22 Oct 2014, 14:42

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

Politician: All nations that place a high tax on income

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Director
Director
User avatar
Joined: 03 May 2007
Posts: 899
Schools: University of Chicago, Wharton School
Followers: 6

Kudos [?]: 52 [0], given: 7

Politician: All nations that place a high tax on income [#permalink] New post 28 Aug 2007, 12:02
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 1 sessions
Politician: All nations that place a high tax on income produce thereby a negative incentive for technological innovation, and all nations in which technological innovation is hampered inevitably fall behind in the international arms race. Those nations that, through historical accident or the foolishness of their political leadership, wind up in a strategically disadvantageous position are destined to lose their voice in the world affairs. So if a nation wants to maintain its value system and way of life, it must not allow its highest tax bracket to exceed 30 percent of income.

Each of the following, if true, weakens the politician’s argument EXCEPT:

(A) The top level of taxation must reach 45 percent before taxation begins to deter inventors and industrialists from introducing new technologies and industries.
(B) Making a great deal of money is an insignificant factor in driving technological innovation.
(C) Falling behind in the international arms race does not necessarily lead to a strategically less advantageous position.
(D) Those nations that lose influence in the world community do not necessarily suffer from a threat to their value system or way of life.
(E) Allowing one’s country to lose its technological edge, especially as concerns weaponry, would be foolish rather than merely a historical accident.
Intern
Intern
avatar
Joined: 07 Jul 2006
Posts: 4
Followers: 0

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

[#permalink] New post 28 Aug 2007, 12:17
i think its E?
VP
VP
avatar
Joined: 10 Jun 2007
Posts: 1467
Followers: 6

Kudos [?]: 108 [0], given: 0

Re: CR: Politician: All nations that place a high tax on inc [#permalink] New post 28 Aug 2007, 12:36
Fistail wrote:
Politician: All nations that place a high tax on income produce thereby a negative incentive for technological innovation, and all nations in which technological innovation is hampered inevitably fall behind in the international arms race. Those nations that, through historical accident or the foolishness of their political leadership, wind up in a strategically disadvantageous position are destined to lose their voice in the world affairs. So if a nation wants to maintain its value system and way of life, it must not allow its highest tax bracket to exceed 30 percent of income.

Each of the following, if true, weakens the politician’s argument EXCEPT:

(A) The top level of taxation must reach 45 percent before taxation begins to deter inventors and industrialists from introducing new technologies and industries.
(B) Making a great deal of money is an insignificant factor in driving technological innovation.
(C) Falling behind in the international arms race does not necessarily lead to a strategically less advantageous position.
(D) Those nations that lose influence in the world community do not necessarily suffer from a threat to their value system or way of life.
(E) Allowing one’s country to lose its technological edge, especially as concerns weaponry, would be foolish rather than merely a historical accident.


E. is the answer.
It doesn't matter how lose technological edge.

A weakens by having higher tax bracket
C weakens by attacking conclusion. Conclusion states that you need to have good arm race have good position. C pretty much counter that.
D also does the same thing as C, but on different issue.
B: I had a bit of hard time with this one because I didn't know who was making the money, but you can assume that it is the nation here. This counter the evidence.
Director
Director
User avatar
Joined: 03 May 2007
Posts: 899
Schools: University of Chicago, Wharton School
Followers: 6

Kudos [?]: 52 [0], given: 7

Re: CR: Politician: All nations that place a high tax on inc [#permalink] New post 28 Aug 2007, 12:58
OA is E. i did not have problem with it.
Manager
Manager
avatar
Joined: 18 Aug 2007
Posts: 75
Followers: 1

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

 [#permalink] New post 28 Aug 2007, 21:13
Can someone explain me the reason behind E being the answer?

Agreed that all the other statements weaken the argument but i was not able to draw any conclusion out of E.
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jul 2004
Posts: 5095
Location: Singapore
Followers: 19

Kudos [?]: 155 [0], given: 0

 [#permalink] New post 28 Aug 2007, 22:22
E is the best. we need to look for an answer that supports the politician's claim and E cuts the bill by stating that allowing the country to slip behind in the arms race would be foolish.
  [#permalink] 28 Aug 2007, 22:22
    Similar topics Author Replies Last post
Similar
Topics:
Income Tax Onell 4 21 Mar 2011, 04:12
Politician: All nations that place a high tax on income jade3 22 12 Nov 2009, 23:54
1 After paying a 10 percent tax on all income over $3,000, a prasannar 3 24 May 2008, 05:05
After paying a 10 percent tax on all income over $3,000, a el1981 4 11 Mar 2008, 15:20
After paying a 10 percent tax on all income over $3,000, a sumbawa25 2 10 Jul 2007, 15:31
Display posts from previous: Sort by

Politician: All nations that place a high tax on income

  Question banks Downloads My Bookmarks Reviews Important topics  


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®.