How did the rich benefit from the tax cuts in early 1920s?

In the early 1920s, the United States implemented significant tax cuts, particularly benefiting the wealthy. These cuts reduced the top income tax rate from 73% to 25%, allowing affluent individuals to retain a larger portion of their income. This increase in disposable income enabled the rich to invest more in businesses and the Stock Market, contributing to economic growth. Additionally, the tax cuts reinforced wealth accumulation among the affluent, further widening the income gap.