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19 Mar 2021, 10:35
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M838TE
GMATNinja @empowergmat
At first thought, I went for answer that explains the assumption of the proponents in the passage that led to the 20% loss of employment.
I was left with and E after process of elimination. still, I chose the wrong answer because I thought B did not really capture or drew any conclusion from the information: 20% of people lost their jobs. Whole time I was looking for something that imply a miscalculation of the proponent as the inference...
is this just me? I mean I guess if you read the question really fast, you might just look for how the action of the tax policy maker could be true...but I was trying to figure out why I got this question wrong...
Is this just me ?
It's a dangerous game to have a very specific answer in mind before you get to the answer choices, because you tend to 1) misread certain answer choices so that they "fit" with your initial thought, and 2) dismiss other answer choices before fully analyzing them. Instead, it's best to read the question, and then give each answer choice a fair shot as you go through the process of elimination.At first thought, I went for answer that explains the assumption of the proponents in the passage that led to the 20% loss of employment.
I was left with and E after process of elimination. still, I chose the wrong answer because I thought B did not really capture or drew any conclusion from the information: 20% of people lost their jobs. Whole time I was looking for something that imply a miscalculation of the proponent as the inference...
is this just me? I mean I guess if you read the question really fast, you might just look for how the action of the tax policy maker could be true...but I was trying to figure out why I got this question wrong...
Is this just me ?
The question asks us which answer choice is most strongly supported by the information in the passage. (B) is supported by the passage, as explained in this post, and (E) is not supported by the passage, as explained in this post.
For more information on a simple, accurate approach to critical reasoning questions, check out this article.
I hope that helps!
24 Apr 2021, 02:13
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(A) The market for luxury boats would have collapsed even if the new tax on luxury boats had been lower.
How can we infer that? There is no information that talks about the possibility of a “market collapse” for luxury boats. Out of scope. Eliminate.
(B) The new tax would produce a net gain in tax revenue for the government only if the yearly total revenue that it generates exceeds the total of any yearly tax-revenue decrease resulting from the workers' loss of jobs.
the proponents of the recently introduced tax argue that it would be an equitable way to increase government revenue.
If the revenue generated by the government on the taxable income of the workers who lost their jobs as a direct result of this tax is more than the revenue generated by the recently introduced tax, then by no way would the new tax be an equitable way to increase govt. revenue.
Therefore if the info. given in the argument is true, option B must be true. Correct.
(C) Because many people never buy luxury items, imposing a sales tax on luxury items is the kind of legislative action that does not cost incumbent legislators much popular support.
This information is beyond the scope of the argument. Eliminate.
(D) Before the tax was instituted, luxury boats were largely bought by people who were not wealthy.
How can we infer this? There’s no support for this in the argument. Eliminate.
(E) Taxes can be equitable only if their burden is evenly distributed over the entire population.
Out of scope. Eliminate
Vishnupriya
GMAT Verbal SME
How can we infer that? There is no information that talks about the possibility of a “market collapse” for luxury boats. Out of scope. Eliminate.
(B) The new tax would produce a net gain in tax revenue for the government only if the yearly total revenue that it generates exceeds the total of any yearly tax-revenue decrease resulting from the workers' loss of jobs.
the proponents of the recently introduced tax argue that it would be an equitable way to increase government revenue.
If the revenue generated by the government on the taxable income of the workers who lost their jobs as a direct result of this tax is more than the revenue generated by the recently introduced tax, then by no way would the new tax be an equitable way to increase govt. revenue.
Therefore if the info. given in the argument is true, option B must be true. Correct.
(C) Because many people never buy luxury items, imposing a sales tax on luxury items is the kind of legislative action that does not cost incumbent legislators much popular support.
This information is beyond the scope of the argument. Eliminate.
(D) Before the tax was instituted, luxury boats were largely bought by people who were not wealthy.
How can we infer this? There’s no support for this in the argument. Eliminate.
(E) Taxes can be equitable only if their burden is evenly distributed over the entire population.
Out of scope. Eliminate
Vishnupriya
GMAT Verbal SME
16 May 2021, 06:31
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hi GMATNinja
GMATNinja
I still don't understand E
Although the passage said that tax only the rich is an equitable way, the last sentence seems disagree with it. And I think in this way we can conclude an equitable way is to tax all the people instead of just the rich.
Posted from my mobile device
GMATNinja
I still don't understand E
Although the passage said that tax only the rich is an equitable way, the last sentence seems disagree with it. And I think in this way we can conclude an equitable way is to tax all the people instead of just the rich.
Posted from my mobile device
