According to projections for 2019 by the Tax Policy Center, the 20 percent of U.S. taxpayers who make the highest incomes
A) use loopholes and tax exemptions to reduce their share of federal income taxes to less than 20 percent.
B) pay about 67 percent of federal income taxes.
C) pay about 92 percent of federal income taxes but only about 20 percent of Social Security and Medicare payroll taxes.
D) pay more in excise and other taxes than they pay in Social Security and Medicare payroll taxes.

Question

Quizplus · Accepted Answer

The 20 percent of U.S. taxpayers with the highest incomes pay about 67 percent of federal income taxes, reflecting the progressive nature of the U.S. federal income tax system.

According to Projections for 2019 by the Tax Policy Center