U.S. Taxes – Who Pays How Much – Infographic

Taxes in the U.S.
 
The complexity of the US tax system.

  • There are roughly 138 Million tax payers in the U.S. who pay over 2.5 Trillion in taxes per year.
  • 92 Million of those make under $50,000 per year are taxed an average of 10-15% of their income.
  • While less than 5 Million make over $200,000 a year and are taxed an average of 20-25% of their income.
  • 78% of those filing taxes receive a refund which averages $2,700 dollars.
  • 16.3% of Americans evade taxes each year, which amounts to $345 billion in lost revenue and is equal to 2.6% of the national GDP.
  • In 1913 the tax code was 400 pages long. Today it is 70,320.
  • Due to it’s complexity, the IRS estimates it will take 24.2 hours to do your tax return.
  • As a result, more than 60% of tax payers pay someone else to prepare their taxes.

 
Tens of billions ... are going into the pockets of tens of thousands of tax preparers who ... love complexity as much as the rest of us hate it Quote
 

“Tens of billions … are going into the pockets of tens of thousands of tax preparers who … love complexity as much as the rest of us hate it” — Nicholas Von Hoffman

 
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