Consider the following statements: 1. Wealth tax and gift tax are classified as “Paper Taxes”. 2. Paper taxes are easy to administer and yield high revenue. 3. These taxes are called “paper” because they are difficult to enforce. Which of the above statements are correct?

Options:

• A: 1, 2, and 3
• B: Only 1 and 2
• C: Only 2 and 3
• D: Only 1 and 3

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