Ask Question
6 December, 05:26

What is the effect of Revenue Act of 1926 to the Americans?

A. It raised the estate taxes Americans had to pay.

B. It increased the purchasing power of rich Americans.

C. It provided tax relief in cases of natural disasters.

D. It reformed the nation's system of taxation.

+4
Answers (1)
  1. 6 December, 05:49
    0
    I think the correct answer from the choices listed above is option B. The effect of Revenue Act of 1926 to the Americans is that it increased the purchasing power of rich Americans. It reduced inheritance and personal income taxes, cancelled many excise imposts, eliminated the gift tax and ended public access to federal income tax returns.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the effect of Revenue Act of 1926 to the Americans? A. It raised the estate taxes Americans had to pay. B. It increased the ...” in 📗 Biology if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers