Incorrect Question 21 Since the mid-1950s, the federal government has raised about 20%; 18% 35%; 28% Ⓒ28%; 35% O 18%; 20

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Incorrect Question 21 Since The Mid 1950s The Federal Government Has Raised About 20 18 35 28 28 35 O 18 20 1 (24.07 KiB) Viewed 14 times

Incorrect Question 21 Since the mid-1950s, the federal government has raised about 20%; 18% 35%; 28% Ⓒ28%; 35% O 18%; 20% of GDP in tax revenues and has spent about of GDP. 0/2.5 pts
Partial Question 23 Marginal and average tax rates Answer 1: 35% 33% 28% 25% Answer 2: 15% 10% $10,462.50 $18,150 $10,462.50 $73,800 $148,850 $226,850 $405,100 $457,600 Marginal tax rate According to the tax rates shown in the figure, an individual who earns $75,000 in taxable income will pay income tax of $10,462.50. Suppose this same individual earning $75,000 in taxable income is subject to the same marginal tax rates in the figure, but now the government has just implemented an alternative minimum tax (with no exemptions) of 15% (a flat tax). This individual will pay income tax of $10,462.50. Average tax rate Household income 1.25 / 2.5 pts