Archive for January 21st, 2015

Taxes: In total, how much do Americans pay in taxes? For what? To whom?.

January 21, 2015

Since yesterday Obama was pitching tax increases in the SOTU, I thought you might like to see a recap of how much dough (some) Americans fork over to the government …

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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

Here’s more detail …

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