Which statement is false?A) The corporate income tax now produces only thirteen percent of federal tax revenue.B) The Tax Reform Act of 1986 took millions of poorer families off the income tax rolls.C) The Kemp-Roth tax cut of 1981 lowered the average citizen's tax bill by 23%.D) None is false.

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Donald Booth · Accepted Answer

Final Answer : D, Explanation :  All the statements provided are true based on historical tax legislation and changes in the United States. The corporate income tax has seen a decrease in its share of federal tax revenue over time. The Tax Reform Act of 1986 did indeed remove many lower-income families from the tax rolls, simplifying the tax code and lowering tax rates for many. The Kemp-Roth Tax Cut, officially known as the Economic Recovery Tax Act of 1981, aimed to stimulate economic growth by reducing individual income tax rates, which effectively lowered many citizens' tax bills by a significant percentage.

Which statement is false?

A) The corporate income tax now produces only thirteen percent of federal tax revenue.
B) The Tax Reform Act of 1986 took millions of poorer families off the income tax rolls.
C) The Kemp-Roth tax cut of 1981 lowered the average citizen's tax bill by 23%.
D) None is false.

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