Multiple Choice
Which of the following represents a change that has been made since the individual income tax was first levied in 1913?
A) In 1969,the overall tax system was changed from a regressive to a progressive set of tax rates.
B) In 1969,the alternative minimum tax was introduced to prevent the rich from paying no taxes.
C) The alternative minimum tax has been adjusted for inflation.
D) Social Security payments are no longer indexed to wages.
Correct Answer:
Verified
Correct Answer:
Verified
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