How did tax reduction lead to increased economic growth and prosperity in the 1920s?
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Ответ:
As tax rates were cut in the mid‐1920s, total tax revenues initially fell. But as the economy responded and began growing quickly, revenues soared as incomes rose. By 1928, revenues had surpassed the 1920 level even though tax rates had been dramatically cut.
Explanation:
Ответ: