In the United States, the top 1% of income earners face an average federal tax rate of ________ and contribute ________ of all federal tax dollars received.

Question

Quizplus · Accepted Answer

The top 1% of income earners in the United States face an average federal tax rate of 29.4% and contribute 24.2% of all federal tax dollars received. This reflects their significant contribution to the federal tax revenue, despite being a small percentage of the population.

In the United States, the Top 1% of Income Earners