When you add up income, FICA, Medicaid, property, and sales taxes as well as federal and state registration fees (which are a form of tax), how much out of the dollar is left?
2006-07-23 08:23:49 · 17 answers · asked by Anonymous in Politics & Government ➔ Government
Given that the Median household income in America is almost $50,000, once you figure in income taxes and payroll taxes (social security etc) and the fact that about a third of their income is income-tax-exempt, they end up paying between 25 and 30% in taxes. This does not include any state or local taxes, because those vary too much.
2006-07-23 08:29:20 · answer #1 · answered by Charles D 5 · 1⤊ 0⤋
This is a completely idiotic and ignorant question. Garlic and wine has it exactly right. You are either obviously a young punk, who simply likes to rebel and still lives with mom and dad, or someone who likes to complain for the sake of hearing his own voice. The tax cuts in reality benefit the middle class. Just look back a few years when the president enacted a tax rebate for singles and married couples alike. When's the last time ANY president on either side of the aisle offered you money back, period? Much less in the middle of the year in a non-election year nonetheless. People like you make me sick. You think by begrudging and penalizing successful people, who work their f***ing asses off to survive, let alone be a billionaire, or whatever other twisted definition you have of success if going to make things better for everyone! Well how will that happen pal?? Tell me how taking money away from someon and handing it over to a useless, liberal lazy union, pencil pushing group of government slobs is going to impact your life for the better? That's like saying is I steal your car and run it off the road into a ditch that the country will be better off. Neither that point or yours makes any sense. So what does being jealous and envious going to do to change your life for the better?? I challenge you to answer this question with any intellect. And just wait if and until you actually have a good job, live on your own and have to support a family god forbid if you still think the tax cuts aren't helping you out as a middle class american? Try buying or owning a home, getting marrie,d fixing up your house, having children, etc, etc. See how much harder your life would be w/o them. The president has eliminated taxes that clinton had in place for years that really hurt americans, but why aren't you redirecting your anger to that lying, kniving cheating thug? What part of this don't you understand? Talking to liberals like you is like talking to a mentally unarmed man.
2016-03-27 04:10:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Not much if you are average salaried, and that is $44,000 a year! About 35% and that doesn't include all the other things that are taxed, which is everything just about!!
Of course if you make $168 Million, and have to pay $10 million in taxes it will put you in the poor house, like our Sec of the Treasury! Must be tough living on a salary, after taxes, on $158 million!
The $44,000 is from the US Census Bureau!
2006-07-23 08:31:04 · answer #3 · answered by cantcu 7 · 0⤊ 0⤋
My brother lives in NJ, in the US and he pays 56% including sales tax, property tax,state and federal income tax, advelorium tax and fees for driving and licensing.
2006-07-23 08:44:30 · answer #4 · answered by Zen 4 · 0⤊ 0⤋
Something like 40 cents per dollar is for the government.
2006-07-23 08:26:44 · answer #5 · answered by erkzh 2 · 0⤊ 0⤋
Taxes are about one fourth, 25%, of your pay. So, in an eight hour day, two hours go to tax. Kind of makes it bad when you think about it since you have to work two hours before you earn something to take home.
2006-07-23 08:27:10 · answer #6 · answered by fishing66833 6 · 0⤊ 1⤋
how much you pay depends on how much you earn tax brackets and write offs...
for example long ago i earned 24k per year and paid more taxes than my boyfriend who earned several million per year as i had no write offs.
understand each "tax" is also for a different thing and different rules apply. there are maximums on taxes for work comp and social security etc. and they are like paying into insurance.. very different than income taxes .
2006-07-23 09:52:56 · answer #7 · answered by macdoodle 5 · 0⤊ 0⤋
Obviously, there are many variables to this question, however my estimate is roughly 40 cents on the dollar.
2006-07-23 08:28:43 · answer #8 · answered by seattlecutiepie 5 · 0⤊ 0⤋
Low income - negative10% High income - 50%+
2006-07-23 09:27:26 · answer #9 · answered by STEVEN F 7 · 0⤊ 0⤋
35 cents per dollar
2006-07-23 08:28:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋