In 2011 when the Bush tax cuts expire the percentage tax rate for the rich will revert back to the (pre-Bush) rate of ____________ percent if congress doesn't pass a new law.A) 36.5B) 39.6C) 44.0D) 70.0

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Vivica Gaston · Accepted Answer

Final Answer : B, Explanation :  The correct answer is B) 39.6. The top tax rate before the Bush era tax cuts was 39.6%, and if Congress does not pass new legislation before expiration, the tax rate for the rich will revert to this pre-Bush rate.

In 2011 when the "Bush tax cuts" expire the percentage tax rate for the rich will revert back to the (pre-Bush) rate of ____________ percent if congress doesn't pass a new law.

A) 36.5
B) 39.6
C) 44.0
D) 70.0

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Learning Objectives

Related questions

In 2011 when the "Bush tax cuts" expire the percentage tax rate for the rich will revert back to the (pre-Bush) rate of ____________ percent if congress doesn't pass a new law.A) 36.5B) 39.6C) 44.0D) 70.0

Definitions

Learning Objectives

Learning Objectives

Related questions

In 2011 when the "Bush tax cuts" expire the percentage tax rate for the rich will revert back to the (pre-Bush) rate of ____________ percent if congress doesn't pass a new law.

A) 36.5
B) 39.6
C) 44.0
D) 70.0