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A government can use a "wealth tax" to:

AIncrease the income tax rates for all citizens.

BGenerate revenue from the net worth of wealthy individuals.

CReduce the overall tax burden on corporations.

DFund social welfare programs by taxing luxury goods.

Answer:

B. Generate revenue from the net worth of wealthy individuals.

Read Explanation:

  • A wealth tax is a tax on an individual's net worth, including assets like property, stocks, and bonds, usually levied annually.


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