BUS202 CH15 08Examples of Tax Structures in America: 2015Incomes and Federal, State & Local Taxes in 2015Shares ofTAXES AS A % OF INCOMEState &localTotalAveragecashFederalTotalincomeTotaltaxestaxestaxesincometaxesLowest 20% $ 15,0003.2%2.0%7.1%12.1%19.2%Second 20%30,5006.7%5.1%11.8%11.3%23.2%Middle 20%48,90011.0%9.8%16.4%10.8%27.2%Fourth 20%81,30018.4%18.4%19.7%10.7%30.4%Next 10%125,00014.2%14.7%21.1%10.5%31.6%Next 5%176,00010.1%10.7%21.9%10.2%32.1%Next 4%310,00014.4%15.2%22.3%9.7%32.0%Top 1%1,735,00022.2%23.8%24.3%8.3%32.6%ALLS 86,200100.0%100.0%20.3%10.0%30.3%9:39/ 10:27YouTube Q E3CCThe U.S. income tax is an example of atax.Select one:a. constantb. progressiveC. proportionald. regressive

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The U.S. income tax is an example of a tax. Select one: a. constant b. progressive C. proportional d. regressive

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 3.10P

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Question

BUS202 CH15 08
Examples of Tax Structures in America: 2015
Incomes and Federal, State & Local Taxes in 2015
Shares of
TAXES AS A % OF INCOME
State &
local
Total
Average
cash
Federal
Total
income
Total
taxes
taxes
taxes
income
taxes
Lowest 20% $ 15,000
3.2%
2.0%
7.1%
12.1%
19.2%
Second 20%
30,500
6.7%
5.1%
11.8%
11.3%
23.2%
Middle 20%
48,900
11.0%
9.8%
16.4%
10.8%
27.2%
Fourth 20%
81,300
18.4%
18.4%
19.7%
10.7%
30.4%
Next 10%
125,000
14.2%
14.7%
21.1%
10.5%
31.6%
Next 5%
176,000
10.1%
10.7%
21.9%
10.2%
32.1%
Next 4%
310,000
14.4%
15.2%
22.3%
9.7%
32.0%
Top 1%
1,735,000
22.2%
23.8%
24.3%
8.3%
32.6%
ALL
S 86,200
100.0%
100.0%
20.3%
10.0%
30.3%
9:39/ 10:27
YouTube Q E3
CC
The U.S. income tax is an example of a
tax.
Select one:
a. constant
b. progressive
C. proportional
d. regressive

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