Chapter 4.E, Problem 66E

(a.)

To determine

the percentages of federal returns that were filled and the total federal income tax paid by people earning income less than $100,000.

(b.)

To determine

the percentages of federal returns were filled and the total federal income tax paid by people with income more than $100,000.

(c.)

To determine

Whether the current distribution of income taxes is fair or unfair.

Given:

The considered income levels are below $\$100,000$ and over $\$100,000$ .

(d.)

To determine

The FICA tax paying of top-earning people in USA.

Given:

The US Treasury Department estimates more FICA tax is paid than federal income tax by top-earning 20% in America.