I recently got a report for the history of my earnings in the mail from the Social Security administration and it lists no income for me in 2007 (towards social security). I was a state employee of M...
I am wanting to get a vechical for my businesss. But I was told by a friend that you can only do a tax write off on a vechical if it is leased? I find that a little ...
I rented it for a few months for less than my mortgage payment. Seems like the tax accounting is profoundly complicated (depreciation, prorating of expenses and taxes, etc.) for not making any money....
i am 13..... but when i turn 16, i plan on getting a ford mustang.
i could afford this if i got a job at lasertron. they pay 9.25$ an hour. if i work 5 days a week and 4 hours a day, i think i ...
My husband and his ex wife have joint custody. She gets to claim one of the kids on her taxes and he gets to claim the other on his. He has back child support to pay on another child from a ...
I wok 50 miles away and drive in to work 3 times a week (a 100 mile round trip) and have done this for the last 18 months. I work for the NHS and can apparently claim for lots of other little things, ...
I am moving to the UK in May to start a job. I will not have a national insurance number when I start. So I know I'll be in the emergency tax code for awhile, and I know that eventually I'...
Ok so I heard about Barack Obama proposed tax relief bill to those who are making less than $250,000 but I was just wondering who will it really and truly benefit?.I say this because most politicians ...
I am an indepedent contractor and I invoice my "employer" every month to get my paycheck. I get 1099 at the end of the year and what I charge is what I get. Meaning, no tax, SS, ... is ...
brianalynn
How much does the average American pay in taxes?
I'm doing a paper for school and does anyone know how much the average American pays in taxes/
Believe it or not, this is a very difficult question to answer. The reason is that it's almost impossible to determine what an average American is.
Even within he same income level, with various income credits and deductions that an individual may be able to take, along with how many children (depentents) they can claim, there is an entire range of taxes to be paid.
Also, are you speaking of taxes as in April 15th, or are you speaking of total taxes? We all pay sales tax, but some people (home owners) also pay property taxes, and others pay varied taxes depending on their investment portfolio.
But with this, I was able to find some "basic" numbers.
For the middle 5th quintile (middle income level) a gov't agency found that state and local taxes averaged out to be 10.1% of income, and that federal tax came out to 19.7% of income. So between the two, for a two wage earner family the percentage comes out to about 30% of earnings.
Horndog
45 to 50% of what I earn is witheld for some reason or other.
Joe
About half what they earn. By the time you factor in sales taxes and other fees and ways the government uses to get your money
jimbobob
15 To 20%
m
TOOOOOO MUCHHHH!!!
That_ blue_ eyed_ Irish_ lass
Approximately 21 -23 % of their income depending on filing status.
Everyone complainsabout paying to much in taxes but in reality years ago a single person paid about 27 % and now the average is 23%
Miami M
Between 20 and 30 %.... though many people write things off when it is tax time. It would be fun to save your pay checks for a year and see how much is deducted in total.
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