Asked by JAHZARA APPLEWHITE on Apr 28, 2024
Verified
In 2010,the top 1 percent of all taxpayers in the United States paid what percent of the federal income tax?
A) 23.2 percent.
B) 37.4 percent.
C) 39.6 percent.
D) 59.1 percent.
Federal Income Tax
Federal income tax is the tax levied by the national government on individuals and organizations' annual earnings.
Taxpayers
Individuals or entities obligated to pay taxes to governmental authorities.
- Assess the taxonomy of multiple tax systems, distinguishing their nature as either progressive, regressive, or proportional, with an emphasis on the tax system employed in the U.S.
Verified Answer
RG
Reymundo GutierrezApr 29, 2024
Final Answer :
B
Explanation :
In 2010, the top 1 percent of all taxpayers in the United States paid 37.4 percent of the federal income tax, highlighting the significant contribution of high-income earners to federal income tax revenue.
Learning Objectives
- Assess the taxonomy of multiple tax systems, distinguishing their nature as either progressive, regressive, or proportional, with an emphasis on the tax system employed in the U.S.
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