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True or false: All other things being equal, taxpayers should prefer to recognize income during high-tax-rate years.

Sagot :

The statement that All things being equal, taxpayers, should prefer to recognize deductions during high tax-rate years is True.

Who are taxpayers?

The taxpayers are individuals or organization that is been given responsibility by the government to pay their tax.

However, taxpayers, should prefer to recognize deductions in the period of income during low-tax rate years.

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