View Here : Are Americans Over Taxed
But are Americans really being taxed to smithereens? We all want to take home our gross pay. No one likes seeing $50,000 a year on their W-2 only to really bring home $36,000 after taxes.
The typical American family pays more in total taxes than it spends on food, clothing, and shelter combined. Tax Freedom Day, the day Americans stop working for the government and begin working for their families, fell on May 10 last year.
Ultimately, whether Americans are overtaxed is a judgment call. The measure of appropriate tax levels depends on many factors, including an analysis of how the money is used.
Are Americans Overtaxed? By Bruce Bartlett. Last week, the Tax Foundation released new polling data on Americans' attitudes toward taxation. As always, it is interesting reading.
Americans have the financial capacity to pay higher taxes too – but why would we want to be overtaxed as much as the people in France? Their per capita GDP growth rate is low (only about half as much as ours) and their unemployment rate is astronomical.
No one likes paying taxes – least of all Americans. But, despite well-worn assertions to the contrary, Americans are not paying too much – at least not by historical standards, not compared to other developed countries, and most importantly, not in light of the revenues needed to maintain the size of government that Americans want.
Are Americans overtaxed? Many people would answer a resounding 'yes.' But some experts caution that tax rates, when looked at historically and in comparison with those of other countries, aren't ...
Myth No. 1: Americans are overtaxed. That's a matter of judgment, of course, but one thing is certain: The tax burden in the United States is nowhere near as great as most Americans have been led to believe.
Are Americans over-taxed? Larry Kummer, Editor America 9 April 2010 12 May 2016 Conservatives are agog over Obama’s inept response to Obama’s 17-minute, 2,500-word response to woman’s claim ...
Rich Americans are not overtaxed. Not by a long shot. From 1996 to 2007 the overall federal tax rate for the richest 1 percent fell by more than 6 percentage points. The top marginal income tax ...