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9. Which one of the following is a normative statement? A. The highest marginal tax rate for federal income taxation is 38 percent. B. The
9. Which one of the following is a normative statement? A. The highest marginal tax rate for federal income taxation is 38 percent. B. The interest return on municipal bonds is exempt from federal income taxation. C. Federal income taxation has a progressive schedule of rates. D. Federal income tax rates ought to be lowered for low-income groups
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