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Which is true regarding taxes

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Reference no: EM132975440

Problem 1: Which of the following is true regarding taxes?

Option 1: It is not really possible to save on taxes by deferring income.

Option 2: It is not possible to transfer wealth through generations tax free.

Option 3: High tax brackets indicate planning opportunities

Option 4: It is not possible to shift income through gifting.

Reference no: EM132975440

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