True or false: as a result of this tax reform, consumer debt increased and home equity debt decreased.

False

Explanation:

TAX: tax is a compulsory fnancial levy either direct or indirect imposed upon a taxpayer by the government. There are three types of taxes and the three types of taxes are the; proportional tax, the progressive tax, and the regressive tax. Taxes are used to raise revenue for government expenditures,

A proportional tax; regardless of the income, the same percentage of taxation will be on everyone.

TAX REFORM: tax reform is the process of changing the way taxes are collected by the government.

The tax reform made in 1986 was made in order to DECREASE CONSUMER DEBT and INCREASE HOME EQUITY DEBT and not the way round.

Because of the reform, citizens financed their spendings through home equity.

hi there!

moors is essentially another word for muslims.

the moors invaded spain around year 700, during their time ruling spain the muslims promoted religious tolerance (moors tolerated jews who were viewed as outcasts by northerners), the moors as well had a great impact on their language, and architecture (palaces were created).

i hope this !