8. Referring to Fig 4b and the attached table, what is remarkable about the shares of federal individual income taxes paid by the bottom 40% of households by income, since 2002? a) The share of federal individual income taxes paid by the bottom 40% have not changed much. b) The share of federal individual income taxes paid by the bottom 40% have been increasing. c) The share of federal individual income taxes paid by the bottom 40% have been decreasing. d) The share of federal individual income taxes paid by the bottom 40% have turned negative.9. Referring to Fig 4b, the attached table, and your answers to questions 7 and 8 above, is it reasonable to infer that income tax rate cuts tend to increase the share of taxes paid by top income taxpayers? YES NO10. in 1979, the share of federal individual income taxes paid by the bottom 80% of taxpayers by income is ______%.11. In 2007, the share of federal individual income taxes paid by the bottom 80% of taxpayers by income is ______%.12. Referring to Fig 4b, the attached table, and your answers to questions 7, 8, 10, and 11 above, and assuming the "share" of taxes paid is the measure of "fair share," is it reasonable to infer that the rich DO pay their fair share of federal individual income taxes, especially as compared to the bottom 80% of taxpayers by income? YES NO recession yearsImajor tax cutsItax increasesShare of indiv. incometaxes paid by Top 10%Share of indiv. incometaxes paid by Top 5%Share of indiv. incometaxes paid by Top 1%Share of indiv. incometaxes paid byHighestQuintileShare of indiv. incometaxes paid byFourthQuintileShare of indiv. incometaxes paid by MiddleQuintileShare of indiv. incometaxes paid bySecondQuintile--Share of indiv. incometaxes paid byLowestQuintilepercent share908070605040302010O-10Fig 4b. Shares of individual income tax liabilities (Sources: CBO, NBER, Tax Found.)recession yearsmajor tax cutstax increasesShare of indiv. income taxes paid by Top 10%Share of indiv. income taxes paid by Top 5%Share of indiv. income taxes paid by Top 1%Share of indiv. income taxes paid byHighest QuintileShare of indiv. income taxes paid byFourth QuintileShare of indiv. income taxes paid byMiddle QuintileShare of indiv. income taxes paid bySecond QuintileShare of indiv. income taxes paid byLowest Quintile 0.01979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989100 100 100100 100 100Ħ100 100++ĦĦt1990 199 199 1993 199100 100+1995tH1996 191998 199 2000 200100172002 2003 2004 2005 2006 2007100100 10010010048.1 47.6 46.6 47.6 49.1 49.9 50.5 53.4 54.7 56.3 55.3 54.3 54.5 57.2 58.4 59.3 60.8 62.9 63.7 65.4 66.7 67.7 67.7 67.5 69.6 70.8 72.7 72.8 72.735.6 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 61.018.3 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 39.564.9 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 86.020.2 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 12.710.7 10.8 10.9 10.6 10.2 10.1 9.9 9.2 8.7 8.59.0 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 4.64.1 4.2 4.4 4.0 3.8 4.1 4.0 3.7 3.1 2.92.9 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 -0.3-0.3-0.8 -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 -3.08.9 8.92.8 3.3-0.4 -0.7 -0.40.10.20.20.20.30.20.2

Question

8. Referring to Fig 4b and the attached table, what is remarkable about the shares of federal individual income taxes paid by the bottom 40% of households by income, since 2002?  a) The share of federal individual income taxes paid by the bottom 40% have not changed much.  b) The share of federal individual income taxes paid by the bottom 40% have been increasing.  c) The share of federal individual income taxes paid by the bottom 40% have been decreasing.  d) The share of federal individual income taxes paid by the bottom 40% have turned negative.9. Referring to Fig 4b, the attached table, and your answers to questions 7 and 8 above, is it reasonable to infer that income tax rate cuts tend to increase the share of taxes paid by top income taxpayers?  YES  NO10. in 1979, the share of federal individual income taxes paid by the bottom 80% of taxpayers by income is ______%.11. In 2007, the share of federal individual income taxes paid by the bottom 80% of taxpayers by income is ______%.12. Referring to Fig 4b, the attached table, and your answers to questions 7, 8, 10, and 11 above, and assuming the &#34;share&#34; of taxes paid is the measure of &#34;fair share,&#34; is it reasonable to infer that the rich DO pay their fair share of federal individual income taxes, especially as compared to the bottom 80% of taxpayers by income?  YES  NO recession yearsImajor tax cutsItax increasesShare of indiv. incometaxes paid by Top 10%Share of indiv. incometaxes paid by Top 5%Share of indiv. incometaxes paid by Top 1%Share of indiv. incometaxes paid byHighestQuintileShare of indiv. incometaxes paid byFourthQuintileShare of indiv. incometaxes paid by MiddleQuintileShare of indiv. incometaxes paid bySecondQuintile--Share of indiv. incometaxes paid byLowestQuintilepercent share908070605040302010O-10Fig 4b. Shares of individual income tax liabilities (Sources: CBO, NBER, Tax Found.)recession yearsmajor tax cutstax increasesShare of indiv. income taxes paid by Top 10%Share of indiv. income taxes paid by Top 5%Share of indiv. income taxes paid by Top 1%Share of indiv. income taxes paid byHighest QuintileShare of indiv. income taxes paid byFourth QuintileShare of indiv. income taxes paid byMiddle QuintileShare of indiv. income taxes paid bySecond QuintileShare of indiv. income taxes paid byLowest Quintile 0.01979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989100 100 100100 100 100Ħ100 100++ĦĦt1990 199 199 1993 199100 100+1995tH1996 191998 199 2000 200100172002 2003 2004 2005 2006 2007100100 10010010048.1 47.6 46.6 47.6 49.1 49.9 50.5 53.4 54.7 56.3 55.3 54.3 54.5 57.2 58.4 59.3 60.8 62.9 63.7 65.4 66.7 67.7 67.7 67.5 69.6 70.8 72.7 72.8 72.735.6 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 61.018.3 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 39.564.9 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 86.020.2 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 12.710.7 10.8 10.9 10.6 10.2 10.1 9.9 9.2 8.7 8.59.0 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 4.64.1 4.2 4.4 4.0 3.8 4.1 4.0 3.7 3.1 2.92.9 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 -0.3-0.3-0.8 -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 -3.08.9 8.92.8 3.3-0.4 -0.7 -0.40.10.20.20.20.30.20.2

Accepted Answer

Questions after 8, require an analysis of question no 7, which is not provided. Therefore, qith…

		a) The share of federal individual income taxes paid by the bottom 40% have not changed much.
		b) The share of federal individual income taxes paid by the bottom 40% have been increasing.
		c) The share of federal individual income taxes paid by the bottom 40% have been decreasing.
		d) The share of federal individual income taxes paid by the bottom 40% have turned negative.