i need plagiarism free work

Anonymous
timer Asked: Mar 9th, 2019
account_balance_wallet $5

Question Description

Discussion #5:

  1. There are two competing views as to the source of economic inequality in the United States. A synthesis of those views leads to the implied conclusion that we should look for an optimal degree of inequality. On the one hand we need to preserve the discipline and incentives of the market based system we live in; on the other hand, we need to know that some wealth and income is being maintained as protected by higher income individuals. If the emphasis of this class were different we could debate the pros and cons of each argument from the guise of the Utilitarian and Rawlsian Social Contract points of view and have a great time doing so. Here the question is different. What are the costs to society of having a less than optimal degree of income inequality – in particular, what are the costs and benefits to society of wealth staying concentrated among the wealthy?
  2. After reading the chapter please go to https://www.cbo.gov/publication/49440 and download the EXCEL data workbook 49440-Distribution-Of-Income-Taxes_supplemental_0_0_-1.xlsx.
    1. Please construct two tables, one showing the average Federal tax rate, by income quintile, for the years 1979, 1989, 1999, 2011 and a second showing the Shares of Federal Taxes For all Households by Before-Tax income Group for the same years.

Tutor Answer

Venus_Writers
School: University of Virginia

Attached.

SHARES OF THE FEDERAL TAXES FOR ALL HOUSEHOLDS BY BEFORE-TAX
INCOME GROUP FOR THE YEARS 1979, 1989, 1999 AND 2011
YEARS
1979
1989
1999
2011

QUINTILE
8
7
5
2

MIDDLE THREE QUINTILE
19
18
17
12

Attached.

SHARES OF THE FEDERAL TAXES FOR ALL HOUSEHOLDS BY BEFORE TAX INCOME GROUP OF YEARS
1979, 1989, 1999 AND 2011
YEARS
1979
1989
1999
2011

SHARES OF FEDERAL TAXES
2
0.8
1.25
2


Running Head: ECONOMIC INEQUALITY

Economic Inequality
Student’s Name:
Institution Affiliation

ECONOMIC INEQUALITY

2

The question deals in assessing costs and advantages to society when wealth is owned by
the wealthy alo...

flag Report DMCA
Review

Anonymous
Good stuff. Would use again.

Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors