how much total taxes comes out of?

every dollar we earn and spend?

3 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    Federal, state & local income taxes take a 20-40% bite out of your paycheck, depending on your income level and where you live. Sales taxes probably take somewhere between 0% and 10% of your purchases. Various other taxes like excise taxes, franchise taxes, property taxes, etc. take out varying amounts of your earnings depending on if you buy or rent, have cable or not, etc. I'd say in total, probably on average of 40%-50% of what we make goes to the government in some way, shape, or form.

    By the way, it sure looks like it was ratified to me:

    Ratification process

    In response to these developments, the Sixteenth Amendment was passed by the Sixty-first Congress and submitted to legislatures of the several states on July 12th, 1909. The amendment was the crowning feature of a larger trend of legislative action meant to curb the power of the wealthy. The famous Pujo Committee Hearings, which aired the incestuous relationship between banks and corporate interests, were held during ratification, and the Clayton Antitrust Act was enacted shortly thereafter.

    On February 25, 1913, the Republican Secretary of State Philander Knox proclaimed that the amendment had been ratified by the necessary three-quarters of the states ensuring the constitutionality of unapportioned federal income taxes.

    The amendment was ratified by 42 states in all: Alabama on August 10, 1909, Kentucky on February 8, 1910, South Carolina on February 19, Illinois on March 1, Mississippi on March 7, Oklahoma on March 10, Maryland on April 8, Georgia on August 3, Texas on August 16, Ohio on January 19, 1911, Idaho on January 20, Oregon on January 23, Washington on January 26, Indiana and Montana on January 30, California and Nevada on January 31, South Dakota on February 3, Nebraska on February 9, North Carolina on February 11, Colorado on February 15, North Dakota on February 17, Kansas on February 18, Michigan on February 23, Iowa on February 24, Missouri on March 16, Maine on March 31, Tennessee on April 7, Arkansas on April 22, Wisconsin on May 26, New York on July 12, Arizona on April 6, 1912, Minnesota on June 11, Louisiana on June 28, West Virginia on January 31, 1913, New Mexico on February 3 (the 36th state to ratify), Delaware and Wyoming on February 3, New Jersey on February 4, Vermont on February 19, Massachusetts on March 4, and New Hampshire on March 7. Arizona and New Hampshire ratified after an earlier rejection. Ratification was rejected by Rhode Island on April 29, 1910, Utah on March 9, 1911 Connecticut on June 28, 1911, and Florida on May 31, 1913. Virginia and Pennsylvania failed to complete action on the amendment.[8]

  • Anonymous
    4 years ago

    Around 80-90% if I remember correctly. Mild irritant, you are trying to claim that the top wage earners pay only 2% of what they earn, and that is propoganda. By the way, my tax burden last year would be enough to put someone close to the top 10% of wage earners, and it was one he11 of a lot more than 2% of my income, so do not believe that BS for a second. Mr S. You have no clue...what makes you think that wealthy people (save those who inheritted it) did not earn it? Working hard AND smart, plus investing your money can make ABSOLUTELY ANYONE AND EVERYONE WEALTHY, but you never will be because you drink liberal kool-aid, and hate the wealthy.

  • 1 decade ago

    All last call, we give 52% of our wages in one form or another in taxes. Pretty damn nice of the government, considering the sixteenth amendment was NEVER ratified. Also at last count, JUNE 13th is tax free day. Meaning it takes that much time each year to pay ALL the taxes we would incur for a given year.

    Hope that answers the question to your satisfaction. Just something to think about.

    Then WE have Hillary Clinton saying, 'we (Dems) will increase taxes and redisturb the wealth for the good of ALL citizen', how nice of her.

Still have questions? Get your answers by asking now.