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apr 14, 1981 - Economic Recovery tax act (ERTA)

Description:

The largest tax reduction in U.S. history those with the lowest incomes fell from 14% to 11% while those with the highest incomes dropped from 70% to 50%. Gave tax breaks to corporations, gifts, and inheritances

Added to timeline:

6 months ago
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312
APUSH
unit 1 to unit 9 main ideas

Date:

apr 14, 1981
Now
~ 37 years ago
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