How has the share of the personal income tax paid by the rich (the top 1 percent of earners) and the not-so-well-off (the bottom half of earners) changed during the last four decades?
a. The rich now pay a larger share and the not-so-well-off pay a smaller share of the personal income tax.
b. The rich now pay a smaller share and the not-so-well-off pay a larger share of the personal income tax.
c. The share of the personal income tax paid by the rich increased between 1960 and 1980, but the share of the revenues collected from the rich has declined sharply since 1980.
d. The relative shares paid by the rich and the not-so-well-off have been virtually unchanged during the last four decades.
A
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a. True b. False Indicate whether the statement is true or false
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A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.