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How much tax do we really pay?

Includes estate tax, fees, licenses, real inflation losses, inheritance, deficit allowance, gift, and others noted below. Estimated.

Here is what happened on January 1st 2014:

Top Income Tax bracket went from 35% to 39.6%

Top Income Payroll Tax went from 37.4% to 52.2%

Capital Gains Tax went from 15% to 28%

Dividend Tax went from 15% to 39.6%

Total tax percentage potentially paid by the well above average US citizen, 2005 - 53.2% *

Total tax percentage potentially paid by the well above average US citizen, 2013 est. - 58.5% *

* The total average tax paid is closer to 43%, since the figures above do not distinguish between taxes on gross and net income, nor do they adjust for tax planning and many other factors. Note also that the Tax Foundation's numbers are closer to 30% for the actual "average" US citizen, although items like inflation, employer's share of Social Security and Medicare, and various fee estimates are not included to the best of our knowledge.

Note 1: Inflation effects are likely quite understated - if actual inflation is 6% and one is only earning 4%. the tax rate is not the main issue.

Note 2: A major factor that intentionally isn't covered (for political reasons) is a fuller picture of medical care and taxes. Most of health care is paid by the employer as of 2011 and results in a higher tax rate overall - we estimate it as at least 5%.

Note 3: This page is not intended to be definitive and completely accurate on tax rates and issues - to do so would be virtually impossible considering all the factors. Its primarily intended to show a fuller picture than is normally presented.

A partial list of the various ways in which citizens of

the US are taxed:

  • Accounts Receivable Tax
  • Building Permit Tax
  • Capital Gains Tax
  • CDL license Tax
  • Cigarette Tax
  • Corporate Income Tax
  • Court Fines (indirect taxes)
  • Deficit spending and debt servicing (Fiscal 2011 state and local debt per capita was $9184)
  • Dog License Tax
  • Federal Income Tax
  • Federal Unemployment Tax (FUTA)
  • Fishing License Tax
  • Food License Tax
  • Fuel permit tax
  • Gasoline Tax
  • Hunting License Tax
  • Inflation
  • Inheritance Tax Interest expense (tax on the money)
  • Inventory tax IRS Interest Charges (tax on top of tax)
  • IRS Penalties (tax on top of tax)
  • Liquor Tax (Spirits, wine and beer)(From zero per gallon in Vermont to $34.22 in Washington for spirits)
  • Local Income Tax
  • Lottery (Fiscal 2011 per capita average was $59)
  • Luxury Taxes
  • Marriage License Tax
  • Medicare and Medicaid Taxes
  • Property Tax
  • Real Estate Tax
  • Septic Permit Tax
  • Service Charge Taxes
  • Social Security Tax
  • Road Usage Taxes (Truckers)
  • Sales Taxes
  • Recreational Vehicle Tax
  • Road Toll Booth Taxes
  • School Tax
  • State Income Tax
  • State Unemployment Tax (SUTA)
  • Telephone federal excise tax
  • Telephone federal universal service fee tax
  • Telephone federal, state and local surcharge taxes
  • Telephone minimum usage surcharge tax
  • Telephone recurring and non-recurring charges tax
  • Telephone state and local tax (Cell phone state and local tax rates in 2013 range from 1.85% in Oregon to 18.67% in Nebraska)
  • Telephone usage charge tax
  • Toll Bridge, Tunnel and Road Taxes
  • Traffic Fines (indirect taxation)
  • Trailer Registration Tax
  • Utility Taxes
  • Vehicle License Registration Tax
  • Vehicle Sales Tax
  • Watercraft Registration Tax
  • Well Permit Tax
  • Workers Compensation Tax

Category: Taxes

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