A progressive income tax, which is a tax where the marginal tax rate increases as income rises, was passed under which president

Question

Crazy boy [7]

4 years ago

8

A progressive income tax, which is a tax where the marginal tax rate increases as income rises, was passed under which president

. Select one:
a. Ronald Reagan
b. Herbert Hoover
c. Franklin
D. Roosevelt d. Teddy Roosevelt
e. Abraham Lincoln

Business

1 answer:

Firlakuza [10] · Answer 1 · 2022-02-04T20:05:00+03:00

Answer: C. Franklin D. Roosevelt.

Explanation:He is the president of the United States of America between(January, 1882 to April 1945),he is the 32nd president who signed into law the progressive income tax. Progressive income tax ensures that as a person or a business entity,your tax will increase in proportion to your income. Many persons have come to accept this system as a fair system ensuring that low income earners are protected by the tax system.