How much does the government take in State, Federal and social security taxeson a paycheck?

'tax freedom day' individual varies state, locality, income level, deductability, , on. @ start of year, figure earn goes taxes. 1 day, you've paid taxes year , can keep rest. in united states, day falls around middle of year, half income goes taxes. in california, it's july or later, more half. more socialistic country is, later day falls.

dates tax foundation (see reference) earlier because not count 'regulatory burden'. if need spend $50,000 'permits' build house, that's tax. if corporation must spend millions of dollars meet of regulations , reporting requirements imposed on it, that's tax.

thinking of way helps realize how tax paying. encourages stop voting more taxes or voting people raise taxes. unfortunately, people pay little in taxes have no reason vote against taxes, since receive benefits , else pays taxes. fair tax (http://www.fairtax.org) correct problem before people on government dole become majority.

own personal case, see various tax programs in stores or on web, many free.

need know average %age

Science & Mathematics Mathematics Next