1.1. a. Consider Table 17 .1. We can use these data to find out what percentage of...

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1.1.

a. Consider Table 17 .1. We can use these data to find out what percentage of federal taxes is paid from the "top down" by the top 40%, top 60%, or top 80% of income earners. Likewise, we can count from the

"bottom up" by the bottom 40%, 60%, or 80% of income earners. Fill in the table below.

Share of Total Federal Tax Revenue Everyone Bottom 20%

Bottom 40%

Bottom 60%

Bottom 80%

100%

0.8%

4.9%

Share of Total Federal Tax Revenue Everyone Top 80%

Top 60%

Top 40%

Top 20%

100%

85.6%

68.7%

b. Given these data, which of the following are true?

The bottom 60% of taxpayers pay less than 25% of federal taxes.

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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Question Posted: Nov 16, 2024 01:00 AM

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1.1. a. Consider Table 17 .1. We can use these data to find out what percentage of...

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Modern Principles Macroeconomics

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