Tax Day ask DP: who has tried to calculate their total annual tax burden?Submitted by ronald_jeremy on Tue, 04/15/2014 - 22:35
Its complicated (not a lump sum) for a reason...
What about the tax burden for the average middle class american?
I have a friend who complained today about their income tax. I was trying to convince them that the income tax constitutes a portion of their total annual tax burden. I found a thread with a list of taxes. Help me roughly quantify:
Right now I have 6-8% sales tax on just about every purchase. Ss and medicare + employers contribution 8%. 2% per year on all valuable property. Gas tax ~10% in my state. Inflation tax ?%