Mellon favored which form of taxation?
Regulatory taxation
Progressive income tax
Flat tax
No taxation
Answer
Progressive income tax was Andrew Mellon's preferred taxation method. This taxation system imposes higher tax rates on those with higher incomes, resulting in a fairer distribution of tax burdens and promoting economic equality. Mellon believed that this approach would stimulate economic growth by encouraging investment and reducing income disparities.
The Legacy of Andrew Mellon: An Engaging English Quiz on the Life of an Iconic American Diplomat and Philanthropist
More Questions
Which political era was Mellon influential during?
What was Mellon's position on direct government economic intervention?
Journalist William Allen White described Mellon as dominating the White House during whose presidency?
Under which president did Mellon's office gain significant reductions in national debt?
In what year did the federal government launch a tax fraud investigation against Mellon?
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