What did the Revenue Act of 1932 do?

2 answers:

7 0

Answer: The Revenue Act of 1932 (June 6, 1932, ch. 209, 47 Stat. 169) raised United States tax rates across the board, with the rate on top incomes rising from 25 percent to 63 percent. The estate tax was doubled and corporate taxes were raised by almost 15 percent.

Explanation:

The Revenue Act of 1932 (June 6, 1932, ch. 209, 47 Stat. 169) raised United States tax rates across the board, with the rate on top incomes rising from 25 percent to 63 percent. The estate tax was doubled and corporate taxes were raised by almost 15 percent.

m_a_m_a [10]3 years ago

6 0

Answer:

The Revenue Act of 1932 (June 6, 1932, ch. 209, 47 Stat. 169) raised United States tax rates across the board, with the rate on top incomes rising from 25 percent to 63 percent. ... The provisions of the act applied to the taxable year of 1932 and all subsequent taxable years.

You might be interested in

Why did some women take risks to help support the soldiers?

Llana [10]

I may sound a little crazy lol but I feel like it's about rights and the respect for the soldiers because their basically fighting for them and lots of others..?

7 0

3 years ago

Which of these would be an example of a loose interpretation of the Constitution? *

Phantasy [73]

Using the implied powers of the federal government to create a national bank.

8 0

3 years ago

the name for a geographically wide-ranging ground of people and states ruled by a single government is a

Bezzdna [24]

The answer is an empire

3 0

3 years ago

Early Rome used a form of government in which citizens could choose their representatives and power was divided into three branc

tresset_1 [31]

That was called the Roman Republic. consisting of two Consuls, elected yearly, a Senate, with a life term, and an assembly.

6 0

3 years ago

america indians were replaced as slaves by Africans largely due to the fact that it was believed that Africans were?

ioda

Answer: Well the whole reason behind the Africans becoming the new slaves was because the American Indians, were becoming scarce, and since the Europeans thought that the Africans had no rights, and were a better fit, they started abducting them and using them as slaves.

Explanation:

6 0

2 years ago