Question

In 2013, the IRS published a famous study that showed that the top 10 percent of households that earned the most money paid 70 percent of all federal taxes. The top 25 percent of households paid 87 percent of all federal taxes. Meanwhile, the entire bottom 50 percent of households only paid 3 percent of all federal taxes. It also showed that the bottom 50 percent of households received about half of all the taxes paid by the top 50 percent of households in the form of financial assistance such as college grants, food stamps, Section 8 housing subsidies, and other entitlement programs. What can we conclude

Answer 1

From the context provided in the question, we can conclude that :

1. The study shows that there is a major redistribution of the wealth from a lead earning United States's households to the bottom half of the United States's household as it shows the top earners in the US pay more taxes that are distributed among the poor.

2. It will be a normative economic statement if someone says that it is not fair if the wealthy rich people are not paying more taxes. It makes a value judgement.

3. There are statistical studies hat are performed and then we say these findings are based on the positive economics.