Today the typical American pays approximately what percent of income in taxes, including all federal, state, and local taxes?
A)5 percent
B)25 percent
C)35 percent
D)50 percent

Question

Quizplus · Accepted Answer

According to data from the Bureau of Labor Statistics, the average American household spends about 25 percent of their income on taxes, including federal income taxes, Social Security taxes, state income taxes, property taxes, sales taxes, and other local taxes. Keep in mind that this percentage can vary widely depending on income level, geographic location, and other factors.

Today the Typical American Pays Approximately What Percent of Income