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SAT, 19.11.2021 23:30 isabeltorres5

Study the graph, and then answer the question. Marginal Tax Rate, Tax Paid, and Tax Share for Those with Incomes over $100,000 from 1920 to 1929 A graph showing 3 trends from 1920 to 1929. The tax rate started at 60% in 1920, dropped dramatically to 25% in 1925, and stayed relatively steady to 1929. The tax share began at 40% in 1920, fluctuated for a few years then began to rise in 1924 at 40% to a high of 65% in 1929. Taxes paid started at 150 billion dollars, fluctuated for a few years, rose steadily to 450 in 1927, rose dramatically to over 700 in 1928, and then dropped to 650 in 1929. Which statement best describes the trends shown in the graph? As the highest tax rate was reduced in the 1920s, the economy grew. As the highest tax rate was reduced in the 1920s, the economy struggled. As the highest tax rate was increased in the 1920s, the economy grew. As the highest tax rate was increased in the 1920s, the economy struggled.

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