27 Aug Number 14 When it comes to income taxes, one of the key poli
Number 14 When it comes to income taxes, one of the key political debates concerns whether the overall system is fair. Pews research center collected the following data from the IRS in 2014: Adjusted Gross Income (in dollars) Percentage of federal income tax returns filed Percentage of total federal income tax paid Less than 15,000 24.3% 0.1% 15,000 — 29,999 20.4% 1.4% 30,000 — 49,999 17.6% 4.1% 50,000 — 99,999 21.7% 14.9% 100,000 — 199,999 11.8% 21.9% 200,000 — 249,999 1.5% 5.9%250,000 and above 2.7% 51.6% Based on the above data, complete the following. • Consider people with an adjusted gross income of less than $100,000. What percentage of federal tax returns were filled by this income group, and what percentage of total federal income taxes did this income group pay? • Consider people with an adjusted gross income of more than $100,000. What percentage of federal tax returns were filled by this income group, and what percentage of total federal income taxes did this income group pay? • Does the U.S. have a fair income tax system? Research various arguments about the fairness of the U.S. income tax system and state your own opinion. If the system is not fair and there are problems with it, then what do you propose to fix the system? ***please see atachement**
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