How much money does the average American spend on taxes per year?

Answer 1

According to the Tax Foundation, a nonpartisan organisation, the average American pays an average tax rate of 12.60% percent on their income as of 2008.

According to the figures released from the 2007 US Census the median earnings of men who worked full time, year-round were $45,113 and women were $35,102. Arithmetic provides: Tax for Men: $5684.24 Tax for Women: $4422.85

According to figures based on the average reported income of Americans, as tabulated by data collected from income tax returns in 2008, the median income of all people, both men and women, is $31,987.

Tax on Average: $4030.36

Please consider that this was in no way calculated by an economist or an actuary with accredited math skills, also that this only represents income tax and not other forms of tax and that the figures available from the sources mentioned are not always compatible.

However I believe that this answer may be marginally more educational than the former one which stated the unfounded and likely erroneous figure of $10 million.

Answer 2

Every taxpayer has different situations and information that is reported on the 1040 income tax return so this would depend on which taxpayer it is that YOU call the AVERAGE TAXPAYER.

The taxpayer that does not have any taxable income page 2 line 43 of the federal 1040 income tax return once the tax return is completely correctly does NOT pay any federal income tax and could possibly qualify for some type of of a refundable tax credit.

75% of all U.S. businesses currently pay zero federal income taxes as they are structured as pass-through businesses. The wealthy run their profits through them into their hedge funds which are taxes at a maximum of 15% and invest in the trans-nationals hollowing out the U.S. labor market.

The media touts job growth but omits telling you that much of that goes to foreign migrant and insourced on visa workers. When you factor in population growth (yes little people grow into adults and need jobs too) there is no job growth. But they don't tell you that.

The U1-U6 unemployment statistics do not present an accurate picture of employment in the U.S.. We need to count how many Americans need good paying jobs with benefits.

The U.S. is an Economy In Crisis http://www.economyincrisis.org

Answer 3

a crapton