Which of the following represents a change that has been made since the individual income tax was first levied in 1913?

Question

Quizplus · Accepted Answer

The introduction of the alternative minimum tax in 1969 is a change that has been made since the individual income tax was first levied in 1913. Option A is incorrect as while there have been changes to tax rates over the years, the move towards a progressive tax system did not occur in 1969, but much earlier. Option C is incorrect as the adjustment for inflation to the alternative minimum tax is a change that has been made to an existing tax, and not a change since the first levy of the individual income tax. Option D is incorrect as the indexing of Social Security payments to wages is unrelated to the individual income tax.

Which of the Following Represents a Change That Has Been