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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

What percentage of total income did the top 10 percent of income earners earn in 2014? What percentage of federal income taxes did this group pay in 2014?

To determine

Identify the percentage of total income and total taxes paid by the top 10% of income earners in 2014.

Explanation

During the period of 2014, the top 10% of income earners paid 70.88% of all the inco...

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