Understanding Taxes - Assessment: Lesson 5: The Wealth Tax of 1935 and the Victory Tax of 1942

Match the clues below to their correct answers by choosing from the drop-down menu. Continue to Part 2 or, to assess your answers, click the Check My Answers button at the bottom of the page.

This problem became rampant after the passage of the Wealth Tax in the 1930s.

The Wealth Tax was an example of this type of tax. It took a big chunk of wealthy people's incomes.

Loopholes in this book of tax rules helped many people avoid paying taxes.

The Victory Tax was one type of tax that almost everyone paid.

Workers in 1942 were the first to have this happen to their paychecks.

Indicate what is being described in the multiple-choice questions below by clicking on the correct answer. Continue to Part 3 or, to assess your answers, click the Check My Answers button at the bottom of the page.

Put the following events in the correct order by typing the number corresponding to the order in which each event occurred in the space provided. To assess your answers, click the Check My Answers button at the bottom of the page.

A progressive tax is put in place to fund the New Deal programs.

A mass tax is put into place to fund the war.

For the first time, employers withhold money from paychecks.

An economic downturn causes millions to lose their jobs.

People avoid paying taxes in record numbers.

Theme 2: Taxes in U.S. HistoryLesson 5: The Wealth Tax of 1935 and the Victory Tax of 1942