An Introduction to Patterns of Development

Comprehension Quiz for “The Buffett Rule”

Watch “The Buffett Rule” and check your comprehension by answering the following questions. Then “submit” your work.

1. According to the video, what has happened over the last fifty years to the tax rate for middle-income Americans versus wealthy Americans?

The tax rate for middle-income Americans has dropped while the tax rate for the wealthiest Americans has risen.

The tax rate for middle-income Americans had risen while the tax rate for the wealthiest Americans has plummeted.

The tax rate for middle-income Americans has stayed roughly constant, while the tax rate for the wealthiest Americans has plummeted.

The tax rate for middle-income Americans has stayed roughly constant, while the tax rate for the wealthiest Americans has skyrocketed.

Correct

Incorrect

2. According to the video, what is a progressive tax system?

As you earn more in income, you pay an increasingly lower percentage of your income in taxes.

As you earn more in income, you pay a somewhat higher percentage of your income in taxes.

As you earn more in income, you donate more of your income to progressive causes to lower your tax rate.

As you earn more in income, you become progressively more reluctant to pay tax.

Correct

Incorrect

3. According to the video, how much more do the uber-wealthy (the top 400) earn per year than do an average couple working as a teacher and a cop?

10 times more

100 times more

1000 times more

10,000 times more

Correct

Incorrect

4. According to the video, what percentage of their income do the uber-wealthy pay in taxes?

18% or less

25% or less

30% of more

50% or more

Correct

Incorrect

5. What is the Buffett Rule?

The princple that an executive should make no less than 100 times more than her/his secretary

The principle that an executive secretary should earn an income above the poverty line.

The principle that the uber-wealthy should pay a higher percentage of their income in tax than an executive secretary does.

The principle that the uber-wealthy should donate more of their income to good causes.

Correct

Incorrect