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Referring to Fig 4b and the attached table, determine whether the shares of federal individual income taxes paid by the top 10%, top 5%, top 1% of households by income, has increased or decreased in the recession years of 1980-81, 1990-91, and 2001 (as compared to immediately prior year).     Increased     decreased

Referring to Fig 4b and the attached table, determine whether the shares of federal individual income taxes paid by the top 10%, top 5%, top 1% of households by income, has increased or decreased in the recession years of 1980-81, 1990-91, and 2001 (as compared to immediately prior year).     Increased     decreased

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06. Referring to Fig 4b and the attached table, determine whether the shares of federal individual income taxes paid by the top 10%, top 5%, top 1% of households by income, has increased or decreased in the recession years of 1980-81, 1990-91, and 2001 (as compared to immediately prior year).
   
Increased
   
decreased
Fig 4b. Shares of individual income tax liabilities (Sources: CBO, NBER, Tax Found.) Orecession years 90 Omajor tax cuts 80 Itax increases 70 --Share of indiv, income taxes paid byTop 10% --Share of indiv. income taxes paid byTop 5% 60 --Share of indiv. income taxes paid byTop 1% 50 Share of indiv. income taxes paid byHighest Quintile -Share of indiv. income taxes paid byFourth Quintile Share of indiv. income taxes paid byMiddle Quintile --Share of indiv. income taxes paid bySecond Quintile Share of indiv. income 40 30 20 taxes paid byLowest Quintile 10 -10 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 recession years 100 100 100 100 100 100 100 major tax cuts 100 100 100 100 100 100 100 tax increases 100 100 48.1 47.6 46.6 49.9 50.5 53.4 62.9 63.7 65.4 66.7 67.7 67.7 67.5 69.6 70.8 | 72.7 Share of indiv. income taxes paid byTop 10% Share of indiv. income taxes paid byTop 5% Share of indiv. income taxes paid byTop 1% 47.6 49.1 54.7 56.3 55.3 54.3 54.5 57.2 58.4 59.3 60.8 72.8 72.7 35.6 34.9 33.9 35.0 36.6 37.7 38.3 41.6 42.1 44.5 42.9 42.1 42.1 44.9 46.4 46.9 48.5 50.9 51.8 53.4 55.1 56.2 55.2 54,5 56.6 58.5 60.7 60.9 61.0 18.3 17.4 16.3 17.7 19.6 | 20.7 21.2 | 24.6 23.5 26.6 24.3 23.8 23,4 26.2 | 27.6 | 27.8 29.0 31.4 32.3 33.5 35.0 36.5 34.4 33.0 34.6 36.7 38.8 39.1 39.5 Share of indiv. income taxes paid byHighest Quintile 64.9 | 64.8 63.9 64.9 66.1 66.3 66.9 68.9 70.9 71.9 71.4 70.4 70.8 73.0 73.8 74.9 76.1 77.6 78.2 79.8 80.6 81.2 82.4 82.7 84.8 85.3 86.3 86.3 86.0 Share of indiv. income taxes paid byFourth Quintile 20.2 20.2 20.6 20.2 19.7 19.2 19.0 18.0 17.5 17.2 17.6 17.8 18.0 17.1 16.8 16.9 16.2 15.5 14.9 14.6 14.0 13,5 14.3 14.7 14.6 13.8 13.1 12.9 12.7 Share of indiv. income taxes paid byMiddle Quintile 10.7 10.8 10.9 10.6 10.2 10.1 9.9 9.2 8.7 8.5 8.9 8.9 9.0 8.4 8.1 8.1 7.7 7.3 7.2 6.4 6.1 5.7 5.3 5.4 4.7 4.7 4.4 4.4 4.6 Share of indiv. income taxes paid bySecond Quintile Share of indiv. income taxes paid byLowest Quintile 4.1 4.2 4.4 4.0 3.8 4.1 4.0 3.7 3.1 2.9 2.8 3.3 2.9 2.5 2.3 1.8 1.9 1.6 1.7 1.3 1.3 1.1 0.3 -0.2 -1.1 -0.9 -0.9 -0.8 -0.3 0.0 0.1 0.2 0.2 0.2 0.3 0.2 0.2 -0.3 -0.4 -0.7 -0.4 -0.8 -0.9 -1.0 -1.7 -2.0 -2.1 -2.0 -2.1 -1.9 -1.6 -2.3 -2.7 -3.0 -2.9 -2.9 -2.8 -3.0 percent share
Transcribed Image Text:Fig 4b. Shares of individual income tax liabilities (Sources: CBO, NBER, Tax Found.) Orecession years 90 Omajor tax cuts 80 Itax increases 70 --Share of indiv, income taxes paid byTop 10% --Share of indiv. income taxes paid byTop 5% 60 --Share of indiv. income taxes paid byTop 1% 50 Share of indiv. income taxes paid byHighest Quintile -Share of indiv. income taxes paid byFourth Quintile Share of indiv. income taxes paid byMiddle Quintile --Share of indiv. income taxes paid bySecond Quintile Share of indiv. income 40 30 20 taxes paid byLowest Quintile 10 -10 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 recession years 100 100 100 100 100 100 100 major tax cuts 100 100 100 100 100 100 100 tax increases 100 100 48.1 47.6 46.6 49.9 50.5 53.4 62.9 63.7 65.4 66.7 67.7 67.7 67.5 69.6 70.8 | 72.7 Share of indiv. income taxes paid byTop 10% Share of indiv. income taxes paid byTop 5% Share of indiv. income taxes paid byTop 1% 47.6 49.1 54.7 56.3 55.3 54.3 54.5 57.2 58.4 59.3 60.8 72.8 72.7 35.6 34.9 33.9 35.0 36.6 37.7 38.3 41.6 42.1 44.5 42.9 42.1 42.1 44.9 46.4 46.9 48.5 50.9 51.8 53.4 55.1 56.2 55.2 54,5 56.6 58.5 60.7 60.9 61.0 18.3 17.4 16.3 17.7 19.6 | 20.7 21.2 | 24.6 23.5 26.6 24.3 23.8 23,4 26.2 | 27.6 | 27.8 29.0 31.4 32.3 33.5 35.0 36.5 34.4 33.0 34.6 36.7 38.8 39.1 39.5 Share of indiv. income taxes paid byHighest Quintile 64.9 | 64.8 63.9 64.9 66.1 66.3 66.9 68.9 70.9 71.9 71.4 70.4 70.8 73.0 73.8 74.9 76.1 77.6 78.2 79.8 80.6 81.2 82.4 82.7 84.8 85.3 86.3 86.3 86.0 Share of indiv. income taxes paid byFourth Quintile 20.2 20.2 20.6 20.2 19.7 19.2 19.0 18.0 17.5 17.2 17.6 17.8 18.0 17.1 16.8 16.9 16.2 15.5 14.9 14.6 14.0 13,5 14.3 14.7 14.6 13.8 13.1 12.9 12.7 Share of indiv. income taxes paid byMiddle Quintile 10.7 10.8 10.9 10.6 10.2 10.1 9.9 9.2 8.7 8.5 8.9 8.9 9.0 8.4 8.1 8.1 7.7 7.3 7.2 6.4 6.1 5.7 5.3 5.4 4.7 4.7 4.4 4.4 4.6 Share of indiv. income taxes paid bySecond Quintile Share of indiv. income taxes paid byLowest Quintile 4.1 4.2 4.4 4.0 3.8 4.1 4.0 3.7 3.1 2.9 2.8 3.3 2.9 2.5 2.3 1.8 1.9 1.6 1.7 1.3 1.3 1.1 0.3 -0.2 -1.1 -0.9 -0.9 -0.8 -0.3 0.0 0.1 0.2 0.2 0.2 0.3 0.2 0.2 -0.3 -0.4 -0.7 -0.4 -0.8 -0.9 -1.0 -1.7 -2.0 -2.1 -2.0 -2.1 -1.9 -1.6 -2.3 -2.7 -3.0 -2.9 -2.9 -2.8 -3.0 percent share
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