During the Last 15 Years, What Has Happened to the Marginal

question 704

Multiple Choice

During the last 15 years, what has happened to the marginal tax rates imposed on high-income taxpayers and the personal income tax revenues collected from them?

• A) Both the rates imposed and the revenues collected from the rich have increased.
• B) Both the rates imposed and the revenues collected from the rich have declined.
• C) The tax rates imposed on the rich have declined, but the revenues collected from them have increased.
• D) The tax rates imposed on the rich have increased, but the revenues collected from them have declined.

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Definitions:

Money

A medium of exchange that facilitates the transfer of goods and services, traditionally in the form of coins and banknotes, but also digitally.

Payment Streams

Regularly scheduled payments, either incoming or outgoing, over a specified period.

Interest Rate

The percentage charged on a loan or paid on savings over a specific period, usually one year.

Equivalent Value

A monetary value considered to be equal in value, worth, or function to another in a different form or market.