Friday, April 13, 2018

Americans Spend More On Taxes Than On Food, Clothing And Housing Combined: 30 Percent Of National Income Goes To Federal And State Taxes

From Tax Foundation, "Tax Freedom Day 2018 is April 19th" by Erica York:
What Taxes Do We Pay?
This year, Americans again will work the longest to pay federal, state, and local individual income taxes (44 days). Payroll taxes will take 26 days to pay, followed by sales and excise taxes (15 days), corporate income taxes (seven days), and property taxes (11 days). The remaining six days are spent paying estate and inheritance taxes, customs duties, and other taxes.

Source: Tax Foundation

2 comments :

  1. American spend more on taxes than food and other things and they pay taxes that why their country is developed,its good for their economy..
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