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Question 06: Click on the following link Summagy of the Latest Federal Income Tax Data 1 Tax Foundation. Take a couple minutes and read through

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Question 06: Click on the following link Summagy of the Latest Federal Income Tax Data 1 Tax Foundation. Take a couple minutes and read through the bullets; they're kind of interesting. You should see from the Summary of Federal Income Tax Data, Tax Year 2018 scroll down a bit the top 1% of income earners paid 40.1% of all federal income tax collected in 2018. Which of the following statements are true? a) Our progressive tax system helps redistribute income and reduce \"after tax\" inequality in our society. b) Referring to the same summary table, the top 1% paid more in federal taxes compared to the bottom 90% of the rest of us. Roughly 40.1% compared to 28.6%. You can confirm the 28.6% by subtracting the taxes paid by the top 10% from 100%. c) A progressive tax system means higher income earners pay a higher percentage of their income in taxes compared to lower income earners. They are in a higher \"tax bracket\". For example, the top 10% had an average'tax rate of 19.9% while the bottom 50% had an average rate of 3.4%. d) All of the above are true

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