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https://www.commonwealmagazine.org/getting-what-we-pay
Article in Commonweal that puts the spotlight on the overall tax burdens of people in various developed countries. Of them, the U.S has one of the lowest overall tax rates. Almost every other country has increased overall tax rates in the past few decades, but the U.S. has been stable. Obviously, taxes vary from place to place, but the U.S. has low payroll taxes and low sales taxes, and (surprise) a low average income tax rate.
If you think the income taxes you pay are high, do this simple test: take the dollar amount of the actual federal taxes you owed last year and divide that by your total income, before adjustments, credits, and deductions. You will have a number which is the percent of your gross income you actually paid in federal income taxes. You should be surprised at how low the actual percentage is.
Article in Commonweal that puts the spotlight on the overall tax burdens of people in various developed countries. Of them, the U.S has one of the lowest overall tax rates. Almost every other country has increased overall tax rates in the past few decades, but the U.S. has been stable. Obviously, taxes vary from place to place, but the U.S. has low payroll taxes and low sales taxes, and (surprise) a low average income tax rate.
If you think the income taxes you pay are high, do this simple test: take the dollar amount of the actual federal taxes you owed last year and divide that by your total income, before adjustments, credits, and deductions. You will have a number which is the percent of your gross income you actually paid in federal income taxes. You should be surprised at how low the actual percentage is.
