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Asked by Aa'Kyra Rivers on Jun 28, 2024

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Tax laws do not give preferential treatment to some kinds of retirement saving.

Tax Laws

Regulations and legal standards governing the collection of taxes by the government from individuals and organizations.

Preferential Treatment

The act of giving advantageous conditions or benefits to certain groups or individuals over others, often based on criteria outside of merit.

Retirement Saving

Financial savings accumulated over an individual’s working life to provide income in retirement.

  • Gain insight into the influence of tax policies and government actions on savings, investment, and aggregate demand.
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DD
Duane DausadJun 30, 2024
Final Answer :
False
Explanation :
Tax laws often provide preferential treatment to certain types of retirement savings, such as 401(k)s and IRAs, by offering tax advantages like tax-deferred growth or tax-free withdrawals in retirement.

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