The Bush tax cuts
a. reduced tax rates for the upper brackets and increased tax rates for lower income taxpayers.
b. reduced tax rates for the upper brackets and held constant tax rates for lower income taxpayers.
c. reduced tax rates for the upper brackets and decreased tax rates for lower income taxpayers.
d. held constant tax rates for the upper brackets and decreased tax rates for lower income taxpayers.
e. Increased tax rates for the upper brackets and decreased tax rates for lower income taxpayers.
c
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Net investment equals
A) capital stock minus depreciation. B) gross investment minus depreciation. C) the total quantity of plant, equipment and buildings. D) gross investment/depreciation.
When the Fed raises the target for federal funds, it
A) sells government bonds. B) increases the discount rate. C) buys government bonds. D) increases the required reserve ratio.