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Started By
Message
The average American pays $524,625 in taxes in their lifetime
Posted on 4/12/24 at 1:53 pm
Posted on 4/12/24 at 1:53 pm
quote:
New Jersey residents pay $987,117 in lifetime taxes, the analysis found, the highest tab in the nation.
The lowest-tax state is West Virginia, with a lifetime cost of $358,407.
The lifetime tax figure, $524,625, works out to about one-third of the average American's lifetime earnings, which add up to roughly $1.5 million.
New Jersey, the state with the highest taxes in the Self Financial report, lost the most residents to other states in 2023
Mailed my taxes today
27
Posted on 4/12/24 at 1:54 pm to TigerintheNO
quote:
The lowest-tax state is West Virginia, with a lifetime cost of $358,407.
Tim Pool
Posted on 4/12/24 at 1:55 pm to TigerintheNO
quote:
lifetime earnings, which add up to roughly $1.5 million.
Posted on 4/12/24 at 1:56 pm to TigerintheNO
Averages seem like a bad measure here, given that almost half (maybe more) people pay zero federal or state income tax.
Posted on 4/12/24 at 1:57 pm to TigerintheNO
Theft
Posted on 4/12/24 at 2:00 pm to TigerintheNO
Best advice I was ever given by a high net worth individual. Find a darn good CPA and pay them whatever they ask! He was right lol
Posted on 4/12/24 at 2:36 pm to TigerintheNO
Wife and I paid $103k in 2023 to feds. Mailed them the little I still owed for 2023 today, along with first qtr estimate for 2024.
Sorry, I was wrong. I owed $106k for 2023, but I had paid estimates of $103k.
Sorry, I was wrong. I owed $106k for 2023, but I had paid estimates of $103k.
This post was edited on 4/13/24 at 9:45 am
Posted on 4/12/24 at 2:37 pm to TigerintheNO
Ukraine thanks us
Posted on 4/12/24 at 2:39 pm to TigerintheNO
quote:
The average American pays $524,625
Take out the people that don't pay anything and I bet we all pay over a $3 million in our lifetime.
This post was edited on 4/12/24 at 2:41 pm
Posted on 4/12/24 at 2:40 pm to TigerintheNO
Wait until the real bill comes in. We're 34 trillion in debt with trillions more in future promises.
My guess is it won't be paid back in tax form but in inflation or a combination of both.
My guess is it won't be paid back in tax form but in inflation or a combination of both.
Posted on 4/12/24 at 2:46 pm to TigerintheNO
Land of the free I’ve been told since birth. Ohhh Ukraine needs another $100 billion to launder.
Posted on 4/12/24 at 2:48 pm to TigerintheNO
The American taxpayer needs to start a revolution. It's ridiculous who poorly ran govt is at all levels, and how much money is simply wasted.
Posted on 4/12/24 at 7:02 pm to TigerintheNO
quote:
average American's lifetime earnings, which add up to roughly $1.5 million.
Eww. Poors.
Posted on 4/12/24 at 7:35 pm to TigerintheNO
(no message)
This post was edited on 4/12/24 at 8:25 pm
Posted on 4/12/24 at 8:58 pm to TigerintheNO
Muh roads and muh wars.
Posted on 4/12/24 at 9:16 pm to TigerintheNO
well shite, if I don’t fund gender equity studies in Iran, who the frick will???
This post was edited on 4/12/24 at 9:17 pm
Posted on 4/12/24 at 9:23 pm to TigerintheNO
quote:
lifetime tax
Is theft.
Posted on 4/12/24 at 9:25 pm to TigerintheNO
quote:
The average American pays $524,625 in taxes in their lifetime
I think the government should be required to tell you exactly where your dollars go. None of this it goes into the pool bullshite. I want to know that I bought like 1 wheel for a hummer. Or maybe a helicopter blade, or something like that.
Posted on 4/12/24 at 9:28 pm to TigerintheNO
Think about this next time you see the government spend a million to study gay tree frogs.
Some poor sap (or two) is going to be paying taxes all of his life to fund it.
Some poor sap (or two) is going to be paying taxes all of his life to fund it.
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