GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 18 Feb 2019, 06:23

### 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

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

## Events & Promotions

###### Events & Promotions in February
PrevNext
SuMoTuWeThFrSa
272829303112
3456789
10111213141516
17181920212223
242526272812
Open Detailed Calendar
• ### Valentine's day SALE is on! 25% off.

February 18, 2019

February 18, 2019

10:00 PM PST

11:00 PM PST

We don’t care what your relationship status this year - we love you just the way you are. AND we want you to crush the GMAT!
• ### Get FREE Daily Quiz for 2 months

February 18, 2019

February 18, 2019

10:00 PM PST

11:00 PM PST

Buy "All-In-One Standard (\$149)", get free Daily quiz (2 mon). Coupon code : SPECIAL

# According to some people, income tax should be done away with in the U

Author Message
TAGS:

### Hide Tags

Board of Directors
Joined: 01 Sep 2010
Posts: 3349
According to some people, income tax should be done away with in the U  [#permalink]

### Show Tags

03 Oct 2018, 03:11
1
Top Contributor
00:00

Difficulty:

15% (low)

Question Stats:

78% (01:33) correct 22% (01:53) wrong based on 126 sessions

### HideShow timer Statistics

According to some people, income tax should be done away with in the US since there are several other ways to collect taxes. A few countries in Europe have successfully abolished income taxes by raising other taxes such as sales tax. Of course this makes products more expensive but with the added amount of money you would receive on your paycheck, you will still be better off than you were paying income taxes.

Which of the following, if true, provides the most support for the argument above?

(A) The prices of products in European countries, when converted into US dollars at current rates are very similar to their prices in the United States.
(B) The increase in prices of products because of the increased sales tax rate will not more than offset the benefit of not paying any income taxes.
(C) The legislative body in the United States has stated that it will support the move to abolish income tax.
(D) Apart from increasing sales tax, the government can also increase other special taxes such as those on petroleum products.
(E) The government has enough funds in reserve currently to be able to absorb any shock because of lowered tax collection.

_________________
Manager
Joined: 20 Feb 2015
Posts: 74
Re: According to some people, income tax should be done away with in the U  [#permalink]

### Show Tags

03 Oct 2018, 03:41
1
What would support the most the idea of abolishing the income taxes and collect taxes in other ways such as increasing sales tax on products purchased..
Only option B supports the idea by eliminating any weaknesses associated with the idea.
_________________

You miss 100% of the shots you don't take..

Manager
Joined: 29 Jul 2018
Posts: 107
Concentration: Finance, Statistics
Re: According to some people, income tax should be done away with in the U  [#permalink]

### Show Tags

05 Oct 2018, 03:51
conclusion--you will still be better off than you were paying income taxes.
b supports the conclusion
Re: According to some people, income tax should be done away with in the U   [#permalink] 05 Oct 2018, 03:51
Display posts from previous: Sort by