In 2014, the average federal income tax rate paid by a household in the bottom half of the income distribution in the United States was

A) 3.45%
B) 4.41%
C) 20.0%
D) 23.45%

Question

In 2014, the average federal income tax rate paid by a household in the bottom half of the income distribution in the United States wasA)  3.45%B)  4.41%C)  20.0%D)  23.45%

henesi corona · Accepted Answer

Final Answer : A, Explanation :  In 2014, households in the bottom half of the income distribution in the United States paid an average federal income tax rate of 3.45%. This reflects the progressive nature of the U.S. tax system, where lower-income households generally pay a lower percentage of their income in federal taxes compared to higher-income households.

In 2014, the average federal income tax rate paid by a household in the bottom half of the income distribution in the United States was

A) 3.45%
B) 4.41%
C) 20.0%
D) 23.45%

Definitions

Learning Objectives

Learning Objectives

Related questions