A Tax Loophole Is

Multiple Choice

A tax loophole is

A) an illegal method by which individuals or corporations avoid paying the taxes they legally owe.
B) a provision in the tax code that allows individuals or corporations to reduce their tax burdens legally by meeting certain conditions.
C) a tax surcharge on incomes within certain ranges.
D) a provision in the tax code that allows individuals or corporations to shift the economic incidence of a particular tax on to someone else.