Which of the following increases the benefits of income deferral?

a. Increasing tax rates

b. Smaller after-tax returns

c. Larger after-tax returns

d. Smaller magnitude of transactions

e. None of these

11. Which of the following increases the benefits of income deferral? a. Increasing tax rates b. Smaller after-tax returns c. Larger after-tax returns d. Smaller magnitude of transactions e. None of these