Asked by Brittany Moncrief on Jul 26, 2024

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What is the primary reason that the highest quintile's share of the national income increased very rapidly over the last 20 years?

A) Poor people are lazy and do not want to work.
B) All of our jobs have been shipped overseas.
C) Tax cuts on the property owners and high income citizens.
D) High cost of health care.

Tax Cuts

Tax cuts refer to reductions in the amount of taxes owed by individuals or corporations, often implemented to stimulate economic growth.

National Income

Net domestic product minus indirect business taxes.

Property Owners

Individuals or entities that hold legal title to land, buildings, or other types of real estate.

  • Comprehend the significance of government policies on income distribution.
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MR
Marco Ruiz TrellesJul 30, 2024
Final Answer :
C
Explanation :
Tax cuts on the property owners and high income citizens have allowed them to keep a greater share of their income, contributing to the rapid increase in their share of the national income.