Problem

Choose the best answer to each of the following questions. Explain your reasoning with one...

Choose the best answer to each of the following questions. Explain your reasoning with one or more complete sentences.

Study the graph in Figure 3.5a. Which of the following is not true according to this graph?

a. Taxpayers in the top 1% of income levels paid a greater percentage of total federal income tax revenue than they would have without the tax cuts.

b. Taxpayers in the top 1% of income levels paid 37% of total federal income tax revenue.

c. Taxpayers in the top 1% of income levels paid more money in income taxes than they would have without the tax cuts.

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Solutions For Problems in Chapter 3E