Which of the following statements is true?

Question

Quizplus · Accepted Answer

The top marginal tax rate has generally decreased from its levels in the past, including from 2001. In 1960, for instance, the top marginal tax rate was significantly higher than it is today, reaching levels above 90% at its peak. The statement about the poor paying most of the federal personal income tax is incorrect, as the tax system in the United States is progressive, meaning higher income individuals pay a higher rate. The lowest marginal tax rate has also been below 15% in recent years, further invalidating option D.

Which of the Following Statements Is True