The difference between the BTRORs of fully-taxable and tax-favored investments is called

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The difference between the BTRORs of fully-taxable and tax-favored investments is called

The difference between the BTRORs of fully-taxable and tax-favored investments is called
A) an explicit tax.
B) an implicit tax.
C) an effective tax.
D) a marginal tax.

Textbook

Prentice Hall's Federal Taxation: 2011: Individuals

Edition: 14^th

Authors: Pope, Anderson, Kramer

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