Which statement is false?
A) The corporate income tax now produces only thirteen percent of federal tax revenue.
B) The Tax Reform Act of 1986 took millions of poorer families off the income tax rolls.
C) The Kemp-Roth tax cut of 1981 lowered the average citizen's tax bill by 23%.
D) None is false.
Correct Answer:
Verified
Q26: In 1980 the top marginal tax rate
Q27: Each of the following is a goal
Q28: The federal government spends
A)slightly more on defense
Q29: The property tax is the most important
Q30: Which of the following pairs represents the
Q32: Most excise taxes are
A)progressive.
B)proportional.
C)regressive.
Q33: The federal government's fiscal year is _
Q34: Which statement is false?
A)There are now nine
Q35: The corporate income tax is
A)direct.
B)indirect.
C)neither direct nor
Q36: The Social Security tax is
A)direct and progressive.
B)direct
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