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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Jim S who wrote (27590)	4/9/2008 12:32:19 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 71588

I've always said we hit 50% or slightly higher when all taxes are taken into account. Assuming of course that you aren't making 250K a year.

To: Jim S who wrote (27590)	4/9/2008 12:40:41 PM
From: Geoff Altman	Respond to of 71588

I'd bet that most Americans already pay 35+% of their income to taxes of all sorts. After my last tax bill, I'm thinking you may be a bit on the conservative side.....<g>

To: Jim S who wrote (27590)	4/9/2008 12:48:53 PM
From: Peter Dierks	Read Replies (1) \| Respond to of 71588

Contemplate our very taxed state of being: Employment tax: 15.3% (half paid by employer) Income Tax - Federal 19% (average - your figure) Income Tax - state 5% (WAG) Real Estate Taxes 5% (WAG) Sales Taxes 6% (average - WAG) passed through business taxes 2% (WAG) ---- >52% For Average Americans roughly half our wages go to pay taxes.