Question: Select the correct answer to the question, What is meant by revenue neutrality? a. Revenue neutrality means that any changes resulting from new tax legislation

Select the correct answer to the question, "What is meant by revenue neutrality?" a. Revenue neutrality means that any changes resulting from new tax legislation neither increase nor decrease the net revenues raised under the prior law. b. Revenue neutrality means that any changes resulting from new tax legislation must reduce tax deficits. c. Revenue neutrality means that any one taxpayer's tax liability is to remain the same as a result of new tax legislation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!