The Changes Contained in the 1986 and 1993 Tax Reforms
The changes contained in the 1986 and 1993 tax reforms
A)Increased the variation in the effective tax rates.
B)Broadened the tax base and also raised tax rates.
C)Reduced the variation in the nominal tax rates.
D)Resulted in a top marginal tax bracket of 85 percent.
The Bush tax cuts of 2001-2010 reduced
A)The top marginal tax rate from 39.6 percent to 35 percent.
B)The marginal tax rate for the highest income class to 10 percent.
C)Incentives for education.
The Bush tax cuts of 2001-2010 contained incentives for
B)Education and savings only.
The Bush tax cuts of 2001-2010 increased education incentives,and as a result,
A)New vertical inequities were introduced into the tax system.
B)Low-income households benefited more than all other households.
C)College enrollments were expected to increase significantly.
D)The difference between gross incomes and taxable incomes became smaller.