Federal Revenues
This is a stacked graph in which the difference between the lines indicates the revenues
raised by each tax. Source: Budget of the United States Government,Fiscal Year 2017: Historical Tables (Washington,D.C.: U.S.
Government Printing Office,2016),Table 2.1.
-Income taxes are a major source of revenue for the U.S.government despite the fact that 43 percent of people filing income tax returns in 2013 paid no income tax at all because the income tax is __________.

Question

Federal Revenues
This is a stacked graph in which the difference between the lines indicates the revenues
raised by each tax.  Source: Budget of the United States Government,Fiscal Year 2017: Historical Tables (Washington,D.C.: U.S.
Government Printing Office,2016),Table 2.1.
-Income taxes are a major source of revenue for the U.S.government despite the fact that 43 percent of people filing income tax returns in 2013 paid no income tax at all because the income tax is __________.

Quizplus · Accepted Answer

The income tax is progressive, meaning that individuals with higher incomes pay a higher percentage of their income in taxes compared to those with lower incomes. This system allows for a significant portion of the population to pay no income tax due to lower income levels, while still generating substantial revenue from those with higher incomes.

Federal Revenues This Is a Stacked Graph in Which the Difference Between