Solved

When the 2001 Tax Cuts Were Passed,they Were Set to Expire

Question 7

Multiple Choice

When the 2001 tax cuts were passed,they were set to expire after:


A) 10 years,but the reduced tax rates for those making under $400,000 were permanently extended in 2012.
B) 2 years,but the reduced tax rates for those making under $400,000 were permanently extended in 2003.
C) 10 years,so tax rates reverted to 2001 levels in 2011.
D) 2 years,so tax rates reverted to 2001 levels in 2003.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions