Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh

Exercise 7

Go to the National Taxpayers Union website (www.ntu.org). Search for "Who Pays Income Taxes See Who Pays What." Study the tables showing what percentage of taxes the various income groups pay. Do you think that businesspeople pay their fair share What percentage of taxes does the top 1 percent of earners pay What about the top 5 percent The lowest 50 percent How do such tax rates affect incentives to become a successful entrepreneur