Based upon information provided in the textbook,in 2014 the top 50 percent of income earners in the U.S.paid about __________ percent of the total federal income taxes.
A) 57.25
B) 67.25
C) 77.25
D) 87.25
E) 97.25

Question

Quizplus · Accepted Answer

In 2014, the top 50 percent of income earners in the U.S. were responsible for paying approximately 97.25 percent of the total federal income taxes. This statistic highlights the progressive nature of the U.S. tax system, where higher income earners contribute a larger share of the total tax revenue.

Based Upon Information Provided in the Textbook,in 2014 the Top