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The Revenue Act of 1935 a. raised taxes on the wealthy. c. raised taxes for all Americans. b. lowered taxes on the wealthy. d. lowered taxes for all Americans
The Revenue Act of 1935, 49 Stat. 1014 (Aug. 30, 1935), raised United States federal income tax on higher income levels, by introducing the "Wealth Tax". It was a progressive tax that took up to 75 percent on incomes over 5 million.
rayce14|Points 20|
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Asked 4/8/2014 5:16:46 PM
Updated 4/9/2014 12:29:20 AM
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