In 1980, the top 1 percent of earners paid 19.1 percent of the federal personal income tax. By 2013, the share of this tax collected from the top 1 percent of earners
A) had declined to less than 15 percent.
B) was still slightly less than 20 percent.
C) had risen to approximately 25 percent.
D) had risen to over 35 percent.
Correct Answer:
Verified
Q27: The overall federal tax structure is
A) regressive
Q28: What percentage of personal income tax revenue
Q29: During the last 20 years, what has
Q30: When the government borrows funds in order
Q31: The share of the personal income tax
Q33: Which of the following provides the bulk
Q34: The administrative, enforcement, and compliance costs of
Q35: Which of the following most clearly distinguishes
Q36: Which of the following is the largest
Q37: Compared to 1980, the top marginal federal
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