Asked by KAPIL PATEL on May 19, 2024
Verified
The average American pays a higher percent of his income in taxes today than he would have in the late 18th century.
Late 18th Century
A period in history, specifically from 1701 to 1800, known for significant political, technological, and social changes.
- Recognize the historical context and current trends in tax burden in the United States.
Verified Answer
IN
Ihsan NilamMay 19, 2024
Final Answer :
True
Explanation :
In the late 18th century, the American tax system was much less developed, and the federal government relied heavily on tariffs and excise taxes rather than income taxes. The first federal income tax was only introduced during the Civil War, and the modern income tax system began in the early 20th century. Therefore, the average American today pays a higher percentage of their income in taxes compared to the late 18th century.
Learning Objectives
- Recognize the historical context and current trends in tax burden in the United States.
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