Since taxes will be a big topic this, thought we’d put things in perspective.
Americans pay a tad over $5 trillion in taxes to the Feds, States and Local Governments.
Technical note: In government parlance, the taxes are called “revenue”.
By taxing authority
Drilling down, the $5 trillion is split roughly 50%-30%-20% to the Feds, States and Locals, respectively
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How do the totals breakdown by type of tax?
The Homa Files 