Question

alright i have this really big question that i reallly need help with

Answer 1

". . . When the Civil War erupted, the Congress passed the Revenue Act of 1861, which restored earlier excises taxes and imposed a tax on personal incomes. The income tax was levied at 3 percent on all incomes higher than $800 a year.

". . . Driven by the war and largely funded by the new income tax, by 1917 the Federal budget was almost equal to the total budget for all the years between 1791 and 1916. Needing still more tax revenue, the War Revenue Act of 1917 lowered exemptions and greatly increased tax rates . . ."

–Excerpted from “History of the U.S. Tax System,” U.S. Department of the Treasury

From this excerpt one can conclude that federal income tax policy has historically been adjusted based on

A. the ability of businesses to afford taxation.
B. the stability of the economy around the world.
C. the amount of money the government needs for the military.
D. the skill the government demonstrates in balancing the budget.

Answer 2

@ganeshie8

Answer 3

@thomaster @shrutipande9