Stupid question, what is the average U.S. Tax rate?

[Gizmo j]

I cant seem to get a direct answer to this, I'm trying to figure out how much money I need to live on my own.

I live in California if that matters.

 

[Printer Bandit]

https://turbotax.intuit.com/tax-too...2014-Federal-Tax-Rate-Schedules/INF12044.html

 

[John Connor]

https://turbotax.intuit.com/tax-too...2014-Federal-Tax-Rate-Schedules/INF12044.html

God, looking at that crap really makes me hope the next President banishes the IRS and creates a flat tax.

 

[Engineer]

https://turbotax.intuit.com/tax-too...2014-Federal-Tax-Rate-Schedules/INF12044.html

I'm in the 25% tax bracket range and I paid a whopping 7% (Federal income taxes only not counting FICA, State or Local Income taxes). Effective tax rate is where it's at and SO MANY PEOPLE don't have a clue what their's is.

Tax tables =! average tax rates

 

[Engineer]

God, looking at that crap really makes me hope the next President banishes the IRS and creates a flat tax.

You would end up paying more. You might be OK with that but I'm not.

 

[DesiPower]

Income or sales? If its income then there's nothing like average tax rates. It all depends on where you live. There is federal tax, social security and medicare that everyone has to pay all over US. Then you have the local state, city, county ans so on taxes that totally depends on where you live and how much you make.

 

[DesiPower]

God, looking at that crap really makes me hope the next President banishes the IRS and creates a flat tax.

And shut down a multi billion dollar industry and put millions out of job?

 

[uclaLabrat]

Most people with a decent income are probably in the 17-20% total tax burden I imagine. I think I'm in the 18% range.

 

[John Connor]

And shut down a multi billion dollar industry and put millions out of job?

HEHEHE :twisted: