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

Posted on 4/12/24 at 2:01 pm to
Posted by Dadren
Jawja
Member since Dec 2023
1115 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
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