How did the Revenue Act of 1935 contribute towards the wealth redistribution

Answers

• Answer 1

  The Revenue Act of 1935 –also known as the “Wealth Tax Act” – targeted especially the rich and companies with high power by increasing the amount of tax they would pay. It sought to reduce disparities in income levels and financed other vital new deal programs.

  Answered by Parliamentary575 Hamster on 01/05/2025