Question: An economy is made up of five individuals, whose incomes are $40,000, $26,000, $18,000, $12,000, and $3000. Based on this data what percentage of before tax income is earned by each income quintile? A lump sum tax of $1000 is imposed on each individual in this economy in order to finance a new health program. What percentage of after tax income is received by each income quintile? Has the distribution of income been made more or less unequal? Explain.