In 2016, Americans will pay $3.34 trillion in federal taxes and $1.64 trillion in state and local taxes, for a total tax bill of $4.99 trillion, or 31 percent of national income.
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| Source: Tax Foundation |
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
In 2016, Americans will pay $3.34 trillion in federal taxes and $1.64 trillion in state and local taxes, for a total tax bill of $4.99 trillion, or 31 percent of national income.
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![]() |
| Source: Tax Foundation |
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