Asked by Kaitlyn Alise on Jul 07, 2024
Verified
Prior to the Sixteenth Amendment, the United States had a tax rate that was
A) remarkably high for the industrial world.
B) comparable to European nations.
C) one of the lowest in the industrial world.
D) the lowest in the Americas, but higher than European tax rates.
Sixteenth Amendment
An amendment to the U.S. Constitution, ratified in 1913, granting Congress the power to levy an income tax.
Tax Rate
The percentage at which an individual or corporation is taxed by the government, which can vary based on income level, type of goods, or activities.
Industrial World
Societies or regions that have undergone industrialization, characterized by significant technological advancement and a focus on manufacturing and production.
- Pinpoint the reasons for the passage of particular legislations during the Progressive Era and evaluate their outcomes.
Verified Answer
CR
Courtney RichardsJul 10, 2024
Final Answer :
C
Explanation :
Prior to the Sixteenth Amendment, which allowed the federal government to levy an income tax without apportioning it among the states or basing it on the Census, the United States had one of the lowest tax rates in the industrial world. This was largely because the federal government was primarily funded through tariffs and excise taxes rather than through income taxes.
Learning Objectives
- Pinpoint the reasons for the passage of particular legislations during the Progressive Era and evaluate their outcomes.