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27 votes
27 votes
Read the story and predict what type of tax Tom is referring to.

I'm Tom. I am the owner of a sporting goods store. For years, under the tax laws, we
were being taxed 39% on the profits made from our business. With these taxes being so high, it
made it very difficult for me to expand my company & hire more workers. In 2017. then-President
Trump signed new legislation, which lowered these taxes from 39% to 21%. This generated more
income & allowed my business more room to grow.

User Wabregoc
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1 Answer

11 votes
11 votes

Answer: Corporate Tax

Explanation: Hope this helps "Tom"!

User James Forbes
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