How has the share of the personal income tax paid by the rich (the top 1 percent of earners) and the not-so-well-off (the bottom half of earners) changed during the last four decades?
A) The rich now pay a larger share and the not-so-well-off pay a smaller share of the personal income tax.
B) The rich now pay a smaller share and the not-so-well-off pay a larger share of the personal income tax.
C) The share of the personal income tax paid by the rich increased between 1960 and 1980, but the share of the revenues collected from the rich has declined sharply since 1980.
D) The relative shares paid by the rich and the not-so-well-off have been virtually unchanged during the last four decades.

Question

Quizplus · Accepted Answer

Over the last four decades, the top 1 percent of earners have seen their share of personal income tax payments increase, while the bottom half of earners have seen their share decrease, largely due to changes in tax policy and income distribution.

How Has the Share of the Personal Income Tax Paid