Multiple Choice
In a progressive tax system,an investor can benefit from tax-exempt bonds when
A) the investor's marginal tax rate is equal to that of the marginal investor.
B) the investor's marginal tax rate exceeds that of the marginal investor.
C) the investor's marginal tax rate is less than that of the marginal investor.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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