Asked by
Mikey Kennedy
on Oct 13, 2024
Verified
The Budget Act of 1990
A) did not change the top marginal tax rate.
B) lowered the top marginal tax rate.
C) raised the top marginal tax rate.
Budget Act
A legislative act that governs budgetary allocations and the process of budget creation and approval by a government.
Marginal Tax Rate
Additional taxes paid divided by taxable income.
- Comprehend the influence of fiscal policies on the federal budget and national indebtedness.
Verified Answer
JD
Learning Objectives
- Comprehend the influence of fiscal policies on the federal budget and national indebtedness.