Match the clues below to their correct answers by choosing from the drop-down menu. Continue to Part 2 or, to assess your answers, click the Check My Answers button at the bottom of the page.
- Correct.
- Correct.
- Correct.
- Correct.
- Correct.
Determine whether the statements below are a cause or an effect of tax reform legislation by clicking the letter of the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
- The Tax Reform Act of 1969 took away tax cuts for individuals.
- The Tax Reform Act of 1986 was the most significant tax reform in U.S. history.
- One purpose of tax reform during the Nixon administration was to ease the burden on lower-income taxpayers.
- A result of the 1986 tax reforms was an increase in the wealth of the higher-income groups.
- The Reagan administration hoped to jump-start the economy by providing tax cuts to lower- income groups.
Determine whether the statements below are a cause or an effect of tax reform legislation by clicking the letter of the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
- The wealthy and corporations used loopholes to avoid paying taxes in the 1960s.
- The wealthy had more money to invest in the economy.
- In the late 1980s, low-income groups paid less in taxes.
- The tax code was simplified to two tax brackets.
- Low-income groups carried the burden of paying taxes in the 1960s.
