Question

what is not true about the black money​

Answer 1

Answer:

Black money eats up a part of the tax and, thus, the government's deficit increases. The government has to balance this deficit by increasing taxes, decreasing subsidies and increasing borrowings. Borrowing leads to a further increase in the government's debt due to interest burden.

black money is funds earned on the black market, on which income and other taxes have not been paid. Also, the unaccounted money that is concealed from the tax administrator is called black money.

Answer 2

Answer:

Black money is also known as blood money or dirty money

Explanation:

• Borrowing leads to a further increase in the government's debt due to interest burden.
• black money is funds earned on the black market, on which income and other taxes have not been paid.
• But, Black Money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes.
• Black money can be illegally disguised as legitimate money through money laundering.