By approximately how much would the federal government have to raise each worker's annual taxes to eliminate the current federal budget deficit?
A) Between $50 and $100 per year
B) Between $500 and $1,000 per year
C) Between $1,500 and $2,500 per year
D) Between $5,000 and $7,000 per year

Question

Quizplus · Accepted Answer

The federal budget deficit is substantial, often in the hundreds of billions to over a trillion dollars. To eliminate such a deficit, a significant tax increase per worker would be required, likely in the range of thousands of dollars annually.

By Approximately How Much Would the Federal Government Have to Raise