Compared to 1980, the top marginal federal income tax rate today is
A) substantially lower and the rate structure is less progressive than in 1980.
B) substantially lower and the rate structure is more progressive than in 1980.
C) substantially higher and the rate structure is less progressive than in 1980.
D) substantially higher and the rate structure is more progressive than in 1980.

Question

Quizplus · Accepted Answer

The top marginal federal income tax rate today is substantially lower than in 1980, and the rate structure is less progressive due to reductions in the number of tax brackets and lower rates for high-income earners.

Compared to 1980, the Top Marginal Federal Income Tax Rate