What effect did the Revenue Act of 1926 have on Americans? a) It raised the estate taxes Americans had to pay. b) It increased t he purchasing power of rich Americans. c) It provided tax relief in cases of natural disasters. d) It reformed the nation's system of taxation.
1 answer:
The Revenue Act of 1926, which was signed by President Coolidge, mainly had an effect on upper-class Americans, because it eliminated many inheritance and "gift" taxes.
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