President Thomas Jefferson hoped that the Embargo Act of 1807 would help the United States by demonstrating to Britain and France their dependence on American goods, convincing them to respect American neutrality and stop impressing American seamen. Instead, the act had a devastating effect on American trade.
With the embargo in place, American exports declined by 75%, and imports declined by 50%—the act did not completely eliminate trade and domestic partners. Before the embargo, exports to the United States reached $108 million. One year later, they were just over $22 million.
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A. A person with a higher income pays more money in taxes.
A progressive tax's percentage is dependent on what income bracket you are in. So if you are in a higher income bracket (you earn more) then you would pay a bigger percentage than someone in a lower income bracket. That is why it is a "progressive tax", because it gets progressively bigger.
Because everyone depends on the middle class without the middle class there would be only poor and rich the middle class keeps the economy running
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