The 1986 Tax Reform Act ________ the number of tax brackets and _______ the highest tax bracket.
A) Increased; increased
B) Increased; decreased
C) Decreased; increased
D) Decreased; decreased
E) Decreased; did not change
Correct Answer:
Verified
Q57: The highest effective federal tax rate in
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Q59: A tax system that will not alter
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Q63: The federal government ended its most recent
Q64: Enforcement and collection of personal income taxes
Q65: Retiring the federal debt will
A)Decrease the supply
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Q67: An increase in government borrowing will cause
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