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Alla [95]
3 years ago
11

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

History
1 answer:
Mrrafil [7]3 years ago
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:

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