Author Question: Which of the following reasons are given by McIntyre to explain why the 1986 Tax Reform Act has ... (Read 59 times)

ishan · **on:** Jul 2, 2018

Which of the following reasons are given by McIntyre to explain why the 1986 Tax Reform Act has failed to have a lasting effect?

a. New tax loopholes were enacted.
b. New tax-dodging schemes were discovered
c. Tax reform laws were insufficiently enforced.
d. all of the above

Question 2

If U.S. corporations paid the same effective tax rate now that they paid in the 1950's, corporate tax payments to the U.S. Treasury would be __________ than they actually are.

a. 500 billion
b. 380 billion higher
c. 400 million higher
d. 400 million lower