According to analysis by the Congressional Budget Office and Urban Institute's Tax Policy Center,which statement related to the effective tax rates by income group for the last half century is NOT true?
A) The total average tax rate on the bottom quintile fell sharply in the recession to only 1.1%.
B) The average tax rate on the top quintile was 23.8% in 2011.
C) Average corporate tax rates are small relative to income and payroll tax rates.
D) Average excise tax has fallen for the bottom of the income distribution while rising for the top.
Correct Answer:
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