The Revenue Act of 1926, which was signed by President Coolidge, mainly had an effect on upper-class Americans, because it eliminated many inheritance and "gift" taxes.
<span />
A president can only serve 2 terms, or a total of 8 years as long as they aren't impeached.
The correct order is:
Political Parties Emerged: 1681, emergence of the Tory faction to oppose the Whig held Parliament.
The Glorious Revolution (1688)
First Cabinet system utilized by King: reign of George I in 1714
First Prime Minister: Walpole in 1721