Question

Do you think the Federal Income Tax Code is fair or unfair to you personally or...

Do you think the Federal Income Tax Code is fair or unfair to you personally or to society in general?

Homework Answers

Answer #1

Answer - Yes , the Federal income tax code is fair enough. From several years the Federal income tax code has been progressive in nature. This denotes that the more wealthier you get , the more tax you pay. This ensures the fairness in the tax system and the effort to reduce the income inequalities. In US , the top 20 % income group pays almost 29 % of the total federal income tax and poorest 20 % pay almost 5.5% of federal taxes. Hence this is kind of fair approach towards the society and ensures that people are charged fairly based upon their income levels.

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