Answer
D. 30
Work Step by Step
In the US, the top 1% pay 28.9% of their income in taxes (Congressional Budget Office Analysis), thus they pay 'about' 30% of their income in federal taxes.
Principles of Microeconomics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516590X
ISBN 13:
978-1-28516-590-5
Chapter 12 - Part IV - The Design of the Tax System - Quick Check Multiple Choice - Page 254: 5
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