katiesauer23
katiesauer23 katiesauer23
  • 20-01-2021
  • History
contestada

how did tax rates change for top earners in the 1920s

Respuesta :

Fall4Dom
Fall4Dom Fall4Dom
  • 20-01-2021

Answer:

As the marginal tax rate on those high‐​income earners was cut sharply from 60 percent or more (to a maximum of 73 percent) to just 25 percent, taxes paid by that group soared from roughly $300 million to $700 million per year. ... The tax cuts allowed the U.S. economy to grow rapidly during the mid‐ and late‐​1920s.

Explanation:

Answer Link

Otras preguntas

Thomas' behavior could be considered abnormal under the____ definition​
Can someone help me please
List one-way mitosis and meiosis are the same and one way they are different.
describe metallic bonds include an explanation of thier valence electrons how this related to the properties of metals
Describe an SAE and through what organization a student will usually complete this through?
select the correct answer.​
which is true for a limited partnership?A. all partners actively manage the business.B.only one partner is required to be a general partner.C. all partners have
What two numbers are located 3/8 of a unit from 1/2 on a number line?
Show that the equation sin^2(x) + cos(x) + cos^2(x)-1/sec(x)=cos^2(x) is true
someone please help me with this.