Federal tax rate

by | Jan 10, 2022 | Assignment

Currently, close to half of all taxpayers enjoy an effective federal tax rate of zero percent? In contrast, the top one percent of taxpayers contribute more federal income tax revenues than the bottom ninety percent of taxpayers combined. Should there be a minimum federal tax rate that all taxpayers should be required to pay? If so, how do you think that it should be calculated for different income levels?

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