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Congress followed his lead by repealing the excess-profits tax, abolishing gift tax, and reducing excise taxes, surtax, income tax, and estate taxes; in 1921 a wealthy person with a $1 million income paid $663,000 in income taxes, but in 1926 the same person paid $200,000, spare-the-rich policies thus shifted much of the tax burden from the wealthy to the middle-income groups
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