a. Consider Table 36.3. We can use these data to find out what percentage of federal taxes is paid from the €œtop down€ by the top 40%, top 60%, or top 80% of income earners. Likewise, we can count from the €œbottom up€ by the bottom 40%, 60%, or 80% of income earners. Fill in the table.

b. Given these data, which of the following are true?
i. The bottom 60% of taxpayers pay less than 25% of federal taxes.
ii. The top 80% of taxpayers pay over 98% of federal taxes.
iii. The top 40% of taxpayers pay less than 60% of federal taxes.

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Share of Total Federal Tax Revenue Share of Total Federal Tax Revenue Everyone Bottom 20% Bottom 40% Bottom 60% Bottom 80% 100% 0.8% 40% Everyone Top 80% Top 60% Top 40% Top 20% 100% 85.6% 68.7%