The Income Tax Act of 1986, supported by the Reagan administration,
A) raised tax rates significantly for corporations and for capital gains.
B) lowered the lowest taxable income rate from 30 percent to 10 percent.
C) was a significant attempt to solve the problem of a huge federal deficit by increasing the taxes of those most able to afford them.
D) lowered tax rates significantly for corporations and the wealthy.
D
You might also like to view...
Which of the following were new inventions of the early transportation and industrialization era?
A) electric light bulb B) steam ship C) nuclear power D) airplane
For each historical identification question, define the term and briefly describe its historical significance. Kangxi
What will be an ideal response?
Why were slaves and free African Americans able to communicate relatively easily in and around Charleston?
A) Both groups had maintained knowledge of their ancestral African languages. B) Free African Americans typically worked alongside slaves. C) Masters hired slaves out, and slaves worked under a task system, so they were freer to get around. D) Slaves and free African Americans were generally quartered in the same neighborhoods. E) Both populations were relatively small, and so everyone knew everyone else fairly well.
What internal and external forces shaped the story of self-government in the two Germanys, and then the reunification of Germany? What problems did they face, both before and after reunification? Did German leaders shape events or just "read and ride them well"? How and why?
What will be an ideal response?