Which,if Any,of the Provisions in the Tax Law Enumerated Below

Multiple Choice

Which,if any,of the provisions in the tax law enumerated below cannot be justified under the wherewithal to pay concept?

A) The taxation of prepaid income in the year of receipt and not in the year it is earned.
B) The installment method for reporting gain on the sale of property.
C) The nontaxability of a like-kind exchange.
D) The disallowance as a deduction of certain fines and penalties imposed for the violation of certain laws.
E) The rules governing the formation of corporations.