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re: The average American pays $524,625 in taxes in their lifetime

Posted on 4/12/24 at 1:56 pm to
Posted by Dawgfanman
Member since Jun 2015
24168 posts
Posted on 4/12/24 at 1:56 pm to
Averages seem like a bad measure here, given that almost half (maybe more) people pay zero federal or state income tax.
Posted by Dadren
Jawja
Member since Dec 2023
1546 posts
Posted on 4/12/24 at 2:01 pm to
quote:

Averages seem like a bad measure here, given that almost half (maybe more) people pay zero federal or state income tax.

Yeah, median would be more helpful, but even that doesn’t tell the whole story.

Something like 10% of Americans are paying about 90% of the taxes.

EDIT: Never mind. Article is talking into account income, property and sales taxes. That average could be meaning actually. Lower earners spend almost all of what they earn so pay a lot on sales taxes.
This post was edited on 4/12/24 at 2:05 pm
Posted by Pikes Peak Tiger
Colorado Springs
Member since Jun 2023
5137 posts
Posted on 4/13/24 at 7:03 am to
quote:

Averages seem like a bad measure here, given that almost half (maybe more) people pay zero federal or state income tax.


Was about to note this. Means the people in the middle class that pay the bulk of the taxes end up paying so much more than this.
This post was edited on 4/13/24 at 7:04 am
Posted by YumYum Sauce
Arkansas
Member since Nov 2010
8488 posts
Posted on 4/13/24 at 7:07 am to
EVERYONE who buys anything good or service at any time is being taxed almost immediately. It's literally impossible to pay zero taxes.

Yes even poor people are paying probably close to 10% sales tax on everything they consume, and more than that when they purchase fuel.
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