Years ago, when Congress imposed very high tax rates on high incomes, it provided for more loopholes in the federal tax system. These loopholes:
A. brought the profits earned by government employees under the nontaxable bracket.
B. enabledangel investors to invest directly in businesses.
C. enabledinvestors in oil and gas wells to increase their taxable income.
D. allowed interest groups to give soft money to political parties.
E. enabled many wealthy individuals to decrease their tax bills significantly.
Answer: E
You might also like to view...
The _______________ provided that citizens of all races have the same rights to make and enforce contracts, to sue and give evidence in the courts, and to own, purchase, sell, rent, and inherit real and personal property
a. Civil Rights Act of 1871 b. Civil Rights Act of 1870 c. Civil Rights Act of 1875 d. Civil Rights Act of 1866
Which of the following is the original jurisdiction of constitutional county courts?
A. civil claims of no less than $200 B. felony cases C. Class A and B misdemeanors D. violations of municipal ordinances
Patronage was once important to political parties because ______.
a. it created a more disciplined party-in-government b. it ensured an army of supporters c. it created a stronger party organization d. it simplified the issue of hiring people after an election e. members of the other party would be unemployed
"Class antagonism" is a Marxist term for the consequences of relative deprivation
Indicate whether the statement is true or false