In the 1980s, marginal tax rates on high income taxpayers fell from 70 to 28 percent. Tax revenues coming from the top 1 percent of income earners _____
a. fell as a percentage of income
b. fell in total, but not as a percentage of income taxes paid by all taxpayers
c. fell compared to middle-class taxpayers
d. increased as a percentage of income taxes paid by all taxpayers
d
Economics
You might also like to view...
Refer to the figure above. If Barylia does not engage in international trade, what is the production of calculators in the country?
A) 10 units B) 20 units C) 40 units D) 60 units
Economics
Which of the following statements is CORRECT?
A) Compared to stocks, bonds have a higher return. B) Compared to stocks, bond returns have a higher standard deviation. C) Compared to bonds, stock returns have a lower standard deviation. D) Compared to bonds, stock returns have a higher standard deviation.
Economics