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What taxes and how much do you pay in taxes in the USA?

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Money Talk > Taxes

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Day Trader
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What taxes and how much do you pay in taxes in the USA?  Reply with quote  

What taxes and how much do you pay in taxes in the USA?
Post Thu Sep 01, 2005 3:20 am
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sam1000
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Re: What taxes and how much do you pay in taxes in the USA?  Reply with quote  

quote:
Originally posted by Day Trader
What taxes and how much do you pay in taxes in the USA?


Not sure what exactly you're looking for, I'm assuming you're asking about income taxes?

Single, no kids, I pay about 40% of my income on taxes (which includes federal, state, disability insurance, social security)

You can get a good idea from the paycheck calculator:

http://www.paycheckcity.com
Post Thu Sep 15, 2005 4:55 am
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zZigzZag
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But wait ... there's more ...  Reply with quote  

Income taxes are only a start. In addition there are sales taxes imposed by states, counties, cities; sales taxes by special districts to support transportation, the arts, tourism, etc.; personal property taxes on houses, cars, business assets, inventories; professional licensing fees; taxes on gasoline, alcohol, tobacco and other goods; fees for filing court cases and other legal documents; taxes and "user fees" on air travel; and, of course, inflation, which some classify as a hidden tax and others as outright theft. There are probably more that I haven't thought of; there is a tax on virtually everything in this country.
Post Thu Sep 15, 2005 8:47 pm
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