2 years ago

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

1 answer:

6 0

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:

You might be interested in

What big change occurred between the paleolithic and neolithic era

Stells [14]

Answer:

The Neolithic Age was a major change in the way humans lived their lives. During the Paleolithic Age, humans were hunter-gatherers and nomads. As a result of the Neolithic Age, an excess of food supplies led to the growth of civilizations.

Explanation:

3 0

2 years ago

Why did the factories make the women’s jobs in the home obsolete

madreJ [45]

Because men had different opinions on why women shouldn’t work. People basically looked completely through them like they didn’t mean a thing.

6 0

2 years ago

What is one of the scientific achievement ?

SpyIntel [72]

Answer:

Electricity Levodopa Painkillers and anaesthetic