alt Hacker NewsTaxes? That can't possibly be right. Average American household pays a small fraction of their income in taxes. Unless they somehow got a huge, expensive house and have the mortgage paid off, I don't see how their income could possibly be dominated by taxes over, say, healthcare, or food.
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drdec • last Tuesday at 5:55 PM
Income tax is not the only tax.
First off there is payroll tax.
Then there are sales taxes.
And don't forget property tax.
I am probably forgetting something.
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A family that makes 80k spends about
- 9400 on federal income taxes
- 12,000 on payroll taxes (including corp chunk b/c of economics)
- 3000-9000 on sales/property/stage income taxes
That's a pretty big chunk.