According to projections for 2016 by the Tax Policy Center, the 20 percent of U.S. taxpayers who make the highest incomes
A) pay about 92 percent of federal income taxes but only about 20 percent of Social Security and Medicare payroll taxes.
B) pay more in excise and other taxes than they pay in Social Security and Medicare payroll taxes.
C) pay almost 69 percent of federal income taxes.
D) use loopholes and tax exemptions to reduce their share of federal income taxes to less than 20 percent.
C
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A nation's saving equals its ________ income less its spending on ________.
A. real; investment B. nominal; net taxes C. nominal; investment D. current; current needs
Competing broadcasting networks are motivated to choose socially program timing
Indicate whether the statement is true or false
Which of the following could not possibly be included in the same market as Coke?
A) Pepsi B) Gatorade C) Milk D) Bread
Under a pure flexible exchange rate system, the rate that equates demand and supply in the exchange rate market will also lead to a balance of
a. merchandise exports and merchandise imports. b. current account transactions. c. capital account transactions. d. current and capital account transactions.