b. The rate on the highest tax bracket shot up shortly after the income tax was introduced; it then fell in the 1920s before shooting up again. Suggest a theory for why this happened. The tax rate with the onset of World War I. The rate with the Gre World War II. Wars seem to because a war rose slightly rose sharply decrease and for increase taxes perhaps in part because War I. The rate regressive progressive because tax Wars seem to less more fell rose b. The rate on the highest tax bracket shot up shortly after the income tax was introduced; it then fell in the 1920s before shooting up again. Suggest a theory for why this happened. The tax rate after the war ended but revenue is needed during wars and perhaps in part ice inequality. 4 with the onset of World after the war ended but with the Great Depression and World War II. taxes perhaps in part revenue is needed during wars and perhaps in part because a war generates a demand for taxation to reduce inequality. fell rose

b. The rate on the highest tax bracket shot up shortly after the income tax was introduced; it then fell in the 1920s before shooting up again. Suggest a theory for why this happened. The tax rate with the onset of World War I. The rate with the Gre World War II. Wars seem to because a war rose slightly rose sharply decrease and for increase taxes perhaps in part because War I. The rate regressive progressive because tax Wars seem to less more fell rose b. The rate on the highest tax bracket shot up shortly after the income tax was introduced; it then fell in the 1920s before shooting up again. Suggest a theory for why this happened. The tax rate after the war ended but revenue is needed during wars and perhaps in part ice inequality. 4 with the onset of World after the war ended but with the Great Depression and World War II. taxes perhaps in part revenue is needed during wars and perhaps in part because a war generates a demand for taxation to reduce inequality. fell rose

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 19E

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