The 0% tax rate solution In 2006, the lowest 40 percent of income earners received net payments
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The 0% tax rate solution In 2006, the lowest 40 percent of income earners received net payments equal to 3.6% of total income tax revenues. The third 20 percent of income earners pay 4.4% of total income tax revenues. That means the lowest 60 percent together pay less than 1% of income tax revenues.
Source: The Wall Street Journal, July 14, 2009
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Related Book For
Foundations Of Microeconomics
ISBN: 9780063076280
7th Global Edition
Authors: Bade, Robin;Parkin, Michael
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