Question

The following data represent the percentage of total adjusted gross income (AGI) earned by various income classes. The top 1% represents the percentage of total AGI earned by those whose income is higher than 99% of all earners. The bottom 50% represents the percentage of total AGI earned by those whose income is in the bottom 50% of all income earners. For example, in 2001, 17.53% of all income earned in the United States was earned by those in the top 1% of all income earners, while 13.81% of all income earned in the United States was earned by those in the bottom 50% of income earners.
(a) Use the data to make a strong argument that adjusted gross incomes are diverging among Americans.
The following data represent the percentage of total tax paid by the top 1% of all income earners and the bottom 50% of all income earners.
(b) Use the data to make an argument that, while incomes are diverging between the top 1% and bottom 50%, the total taxes paid as a share of income are also diverging.
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  • CreatedApril 27, 2015
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