The 0% tax rate solution In 2006, the lowest 40 percent of income earners received net payments

Question:

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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Foundations Of Microeconomics

ISBN: 9780063076280

7th Global Edition

Authors: Bade, Robin;Parkin, Michael

Question Posted: