Tax policy and economic inequality in the United States tax year 1963) to 77% (for tax year 1964) and 70% (for tax year 1965) for annual incomes of $1.4 million+. It was the first tax legislation to reduce the top end of the marginal income tax rate distribution since 1924. The top marginal income tax rate had been 91% since 1946 and had not been below 70% since 1936. The "Bush Tax Cuts," which are the popularly known names of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 passed during President George W. Bush's first term,
Betting in poker bet or raise). The act of completing a bet or raise reopens the betting to other remaining opponents. For example, four players are in a hand, playing with a limit betting structure and a half bet rule. The current betting round is $20. Alice checks, and Dianne checks. Carol goes all-in for $5. Joane, still to act, has the following options: fold, call $5, or complete the bet to a total of $20. If Joane calls the $5, Alice and Dianne only have the option of calling or folding; neither can raise. But if Joane completes, either of them could