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Underwood tariff

The Underwooder tariff of 1913 reduced the basic United States tariff rates to 28%, well below the Payne-Aldrich tariff of 1909. It also included a revised income tax law under the newly passed Sixteenth Amendment.

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... the age of 18, 3.5% from 18 to 24, 22.3% from 25 to 44, 28.7% from 45 to 64, and 28.1% who are 65 years of age or older. The median age is 50 years. For every 100 ...