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) enabled angel investors to invest directly in businesses.
C) enabled investors 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.
E
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The voting rights of an African American living in Texas in 2018 are significantly more secure than that of an African American living in Texas in 1960 because __________.
A. the poll tax has been eliminated B. the population of African Americans has increased C. the Voting Rights Act was passed in 1965 D. the number of liberal Democrats in the Texas legislature has increased
Cooperative federalism is characterized by the assumption of federal power in determining policy in all major areas
Indicate whether this statement is true or false.
Precision-guided munitions are important because they
a. are able to send powerful bombs over a large area. b. can destroy the target with a high degree of reliability. c. less expensive than other types of munitions. d. are mainly under the control of the United States.
According to the text, the meeting between President Gorbachev of the Soviet Union and President George H.W. Bush that marked a watershed in ending the Cold War was the
a. Malta Summit of 1989. b. Washington Summit of 1990. c. Paris Conference of 1990. d. Strategic Arms Reduction Talks (START) Summit of 1991. e. London Summit of 1991.