Explaining IRS records show that in 2003,96.5% of total federal income taxes were paid
Chapter 16, Problem 22(choose chapter or problem)
Explaining IRS records show that in 2003,96.5% of total federal income taxes were paid bythe top 50% of earners. The bottom 50%,therefore, paid just 3.5% of all income taxes.Based on your understanding of the progressivetax system and the information in the taxschedule on this page, explain how half of thetaxpayers can pay almost all of the total taxes.
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer