Are Americans overtaxed? Figure it out, how many hours a day do you work just to pay taxes? Add in all other non-income taxes. Now how many hours a day do Americans work just to pay taxes? How much is too much? What can be done? Are you doing it?
2007-12-05 07:09:56 · 6 answers · asked by Thoughtful Mind 3 in Business & Finance ➔ Taxes ➔ United States
Our per-capita tax burden is one of the lowest in the industrialized world. If you think it's bad here, go to Europe. Gasoline taxes alone are more than $3.00 a gallon and pump prices are around $7.00 per gallon. Income taxes are 10% to 40% higher and most countries have sales taxes of around 20%.
Most Americans have no clue how well off they are compared to the rest of the world.
2007-12-05 07:31:34 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
You should also ask, are the rich overtaxed? The top 1% pay 40% of the country's taxes. Yeesh!
2007-12-05 15:43:39 · answer #2 · answered by Austrian Theorist 4 · 0⤊ 0⤋
Sales taxes tend to be regressive, so the poor may be overtaxed. I say may because the poor also use more social services and tend to qualify for more tax breaks (E I C for example).
2007-12-05 15:13:53 · answer #3 · answered by Anonymous · 2⤊ 0⤋
At about a third of the gross national product, the USA has the lowest total tax burden of any western industrialized country. It is kind of hard to beat that.
2007-12-05 15:24:49 · answer #4 · answered by Anonymous · 3⤊ 0⤋
No we are not. Citizens in several European countries pay far more than us but their governments provides a lot more than the US Government.
2007-12-05 20:20:06 · answer #5 · answered by Gary 5 · 0⤊ 0⤋
Cut services and stop trolling
2007-12-05 15:17:57 · answer #6 · answered by jon_mac_usa_007 7 · 0⤊ 0⤋