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Question
Based on the Court's decision in South Carolina v. Baker (1988), _______.A. it is unconstitutional for the federal government to tax income from state and municipal bonds
B. it is unconstitutional for the federal government to tax income from registered state and municipal bonds
C. it is unconstitutional for the federal government to tax income from state and municipal bearer bonds
D. the Constitution does not prohibit the federal government from taxing income from state and municipal bonds regardless of the form in which they are issued
Answer
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