A CBO Study Estimated That the Excess Burden from the Corporate

Multiple Choice

A CBO study estimated that the excess burden from the corporate income tax ________ of the revenues raised by the tax.This estimate would make the corporate income tax ________ imposed by the federal government.

A) could equal more than half; one of the most inefficient taxes
B) equals less than 10 percent; one of the most efficient taxes
C) equals less than 3 percent; the most efficient tax
D) equals more than 90 percent; the most inefficient tax