The marginal tax rates on the richest Americans when Ronald Reagan was elected and when he left office were
A)28 percent and 50 percent, respectively.
B)70 percent and 40 percent, respectively.
C)40 percent and 70 percent, respectively.
D)50 percent and 28 percent, respectively.

Question

Quizplus · Accepted Answer

When Ronald Reagan was elected in 1980, the top marginal tax rate was 70 percent. By the time he left office in 1989, it had been reduced to 28 percent.

The Marginal Tax Rates on the Richest Americans When Ronald