Loopholes present in the federal income tax system

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The many loopholes present in the federal income tax system prior to the 1986 tax reform caused all of the following except

Greater vertical inequity by making the income tax more regressive.

Greater horizontal inequity since the loopholes was more accessible to some taxpayers than others.

The system to be more progressive since loopholes favoured those at lower income levels.

The Lorenz curve for after-tax income to shift away from absolute equality.

Reference no: EM13836550

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