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Which of the following best completes the passage below? One [#permalink]
03 Jun 2010, 11:12
Question Stats:
30% (02:24) correct
69% (01:24) wrong based on 1 sessions
Which of the following best completes the passage below? One tax-reform proposal that has gained increasing support in recent years is the flat tax, which would impose a uniform tax rate on incomes at every level. Opponents of the flat tax say that a progressive tax system, which levies a higher rate of taxes on higher-income taxpayers, is fairer, placing the greater burden on those better able to bear it. However, the present crazy quilt of tax deductions, exemptions, credits, and loopholes benefits primarily the high-income taxpayer, who is consequently able to reduce his or her effective tax rate, often to a level below that paid by the lower-income taxpayer. Therefore, ______ (A) higher-income taxpayers are likely to lend their support to the flat-tax proposal now being considered by Congress (B) a flat-tax system that allowed no deductions or exemptions would substantially increase actual government revenues (C) the lower-income taxpayer might well be penalized by the institution of a flat-tax system in this country (D) the progressive nature of our present tax system is more illusory than real (E) the flat tax would actually be fairer to the lower-income taxpayer than any progressive tax system could be
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Re: FLAT TAX SYSTEM [#permalink]
04 Jun 2010, 22:00
(A) higher-income taxpayers are likely to lend their support to the flat-tax proposal now being considered by Congress (B) a flat-tax system that allowed no deductions or exemptions would substantially increase actual government revenues (C) the lower-income taxpayer might well be penalized by the institution of a flat-tax system in this country (D) the progressive nature of our present tax system is more illusory than real (E) the flat tax would actually be fairer to the lower-income taxpayer than any progressive tax system could be Which of the following best completes the passage below? One tax-reform proposal that has gained increasing support in recent years is the flat tax, which would impose a uniform tax rate on incomes at every level. Opponents of the flat tax say that a progressive tax system, which levies a higher rate of taxes on higher-income taxpayers, is fairer, placing the greater burden on those better able to bear it. However, the present crazy quilt of tax deductions, exemptions, credits, and loopholes benefits primarily the high-income taxpayer, who is consequently able to reduce his or her effective tax rate, often to a level below that paid by the lower-income taxpayer. Therefore, ______ (A) higher-income taxpayers are likely to lend their support to the flat-tax proposal now being considered by Congress - irrelevant (B) a flat-tax system that allowed no deductions or exemptions would substantially increase actual government revenues - we are not talking about govt revenues (C) the lower-income taxpayer might well be penalized by the institution of a flat-tax system in this country - opposite (D) the progressive nature of our present tax system is more illusory than real - correct answer (E) the flat tax would actually be fairer to the lower-income taxpayer than any progressive tax system could be - the author says its progressive is fairer without the present system.
What is the OA?
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Re: FLAT TAX SYSTEM [#permalink]
05 Jun 2010, 02:22
One tax-reform proposal that has gained increasing support in recent years is the flat tax, which would impose a uniform tax rate on incomes at every level. Opponents of the flat tax say that a progressive tax system, which levies a higher rate of taxes on higher-income taxpayers, is fairer, placing the greater burden on those better able to bear it. However, the present crazy quilt of tax deductions, exemptions, credits, and loopholes benefits primarily the high-income taxpayer, who is consequently able to reduce his or her effective tax rate, often to a level below that paid by the lower-income taxpayer. Therefore, ______ (A) higher-income taxpayers are likely to lend their support to the flat-tax proposal now being considered by Congress - irrelevant (B) a flat-tax system that allowed no deductions or exemptions would substantially increase actual government revenues - we are not talking about govt revenues (C) the lower-income taxpayer might well be penalized by the institution of a flat-tax system in this country - opposite (D) the progressive nature of our present tax system is more illusory than real - correct answer (E) the flat tax would actually be fairer to the lower-income taxpayer than any progressive tax system could be - the author says its progressive is fairer without the present system.
IMO "D" What is the OA?
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Re: FLAT TAX SYSTEM [#permalink]
05 Jun 2010, 16:10
I am with E. Here we are talking about which method is more beneficial to people rather than which one more illusionary.
what's OA?
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Re: FLAT TAX SYSTEM [#permalink]
05 Jun 2010, 21:11
D
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Re: FLAT TAX SYSTEM [#permalink]
24 Jun 2010, 00:26
c'mon people...plz start posting the OAs along with the questions. Questions without OA serve no purpose. Istead they leave more people confused
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Re: FLAT TAX SYSTEM [#permalink]
24 Jun 2010, 04:53
D seems like it leaves the passage without a conclusion. Is that important in questions like this?
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Re: FLAT TAX SYSTEM [#permalink]
24 Jun 2010, 07:08
papillon86 wrote: c'mon people...plz start posting the OAs along with the questions. Questions without OA serve no purpose. Istead they leave more people confused I'll prefer not to post OA with question. Post OA after few discussion, because few people tend to discuss only then got it right after seeing the OA. which doesn;t solve the purpose.
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Re: FLAT TAX SYSTEM [#permalink]
24 Jun 2010, 09:54
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Re: FLAT TAX SYSTEM [#permalink]
24 Jun 2010, 12:15
One more for B. OA please?
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Re: FLAT TAX SYSTEM [#permalink]
24 Jun 2010, 12:33
IMO D .. only B & D are bit logical but in B talk of Govt revenues is out of context
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Re: FLAT TAX SYSTEM [#permalink]
13 Jul 2010, 01:57
+1 for D . @Pheonix can you please advise the OA?
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Re: FLAT TAX SYSTEM [#permalink]
08 Aug 2010, 21:14
So what is the OA? I don't see any point in these questions if the OA is not given. It only confuses people. The OA should at least be obscured.
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Re: FLAT TAX SYSTEM [#permalink]
12 Aug 2010, 06:13
I will go with option B . Though B and D are the logical options , the conclusion part here has to talk something about the flat tax system .
Though Govt Revenues are not talked about earlier , when we say that the flat tax boosts Govt revenues , it adds to the support of the flat tax system . D concludes the existing tax system while the entire passage predominantly tries to support the cause of flat tax system .
Someone , Please clarify ! Thanks
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Re: FLAT TAX SYSTEM [#permalink]
12 Aug 2010, 06:36
yet another question without OA!
my pick D
will be good to have oa and oe!
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Re: FLAT TAX SYSTEM [#permalink]
12 Aug 2010, 13:06
If its D then why introduce the concept of the flat tax system in the first place?
I would agree with B.
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Re: FLAT TAX SYSTEM [#permalink]
12 Aug 2010, 14:24
(A) higher-income taxpayers are likely to lend their support to the flat-tax proposal now being considered by Congress Keeping the argument simple: why would they if it's going to hurt them financially.(B) a flat-tax system that allowed no deductions or exemptions would substantially increase actual government revenues It may, it may not, that's not the point. The issue here is whether the existing system is more fair than the new system.(C) the lower-income taxpayer might well be penalized by the institution of a flat-tax system in this country Does not seem so, as the truth about the old system is exposed here(D) the progressive nature of our present tax system is more illusory than real Bingo!(E) the flat tax would actually be fairer to the lower-income taxpayer than any progressive tax system could be[/quote] ANY progressive system, existent or nonexistent? Are u kidding me?
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Re: FLAT TAX SYSTEM [#permalink]
19 Jan 2011, 07:30
OA is D. well discussed question.
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Re: FLAT TAX SYSTEM
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19 Jan 2011, 07:30
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