What effect did the Revenue Act of 1925 have on Americans?

asked Dec 16, 2023 21.6k views

16 votes

What effect did the Revenue Act of 1925 have
on Americans?

by Eliah

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8 votes

Answer:

The effect of the law was to further lower income taxes. Corporate taxes were increased from 12.5% to 13.5% to help offset the loss in revenue.

Step-by-step explanation:

Searles answered Dec 21, 2023

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