Sunday, April 5, 2015

A Quick Tax Quiz Question

First, can you read this blog post title out loud ten times quickly? Tough, huh? But that's not the real question.  As we move towards tax day, I though you might find this quiz question interesting:

According to recent data from the Senate Committee on Finance, the Top 1% of income earners in the US last year earned 19% of all the income earned in the US, but paid __________ % of all the taxes paid in the US last year. [Note: Consider your answer correct if you got within -/+5 of the correct total].

And here's a hint: unless you already have a good idea, you should be disgusted by the answer!