According to the Tax Foundation, a nonpartisan organisation, the average American pays an average tax rate of 12.60% percent on their income as of 2008.
According to the figures released from the 2007 US Census the median earnings of men who worked full time, year-round were $45,113 and women were $35,102. Arithmetic provides: Tax for Men: $5684.24 Tax for Women: $4422.85
According to figures based on the average reported income of Americans, as tabulated by data collected from income tax returns in 2008, the median income of all people, both men and women, is $31,987.
Tax on Average: $4030.36
Please consider that this was in no way calculated by an economist or an actuary with accredited math skills, also that this only represents income tax and not other forms of tax and that the figures available from the sources mentioned are not always compatible.
However I believe that this answer may be marginally more educational than the former one which stated the unfounded and likely erroneous figure of $10 million.
The President can not spend money or levy taxes -- only the Congress can do that.The President can only make recommendations about the budget and spend money which Congress authorizes him to spend.
Governments spend money on welfare to provide assistance to individuals and families who are in need or experiencing financial hardship. This assistance can include food, housing, healthcare, and other basic needs to help ensure the well-being of vulnerable populations and reduce poverty in society. Additionally, providing welfare can help promote social stability and equality.
A common recommendation is for consumers to spend no more than 30% of their gross income on housing costs, including rent or mortgage payments, property taxes, and utilities. This helps ensure financial stability and room for other essential expenses such as food, transportation, and savings.
It is important to note that the 47% do not pay Federal Income tax. They still pay pay any applicable city or state income taxes! They still pay the 7.65% combined Social security and Medicare taxes! They still pay real estate taxes, directly or via their rent payments in all localities that have real-estate taxes, which is probably everywhere in the U.S.! They still pay sales taxes on their retail purchases, which is proportionally higher for lower income people than it is for higher income people, since they spend a higher percentage of their income at retail! If one ignores the charitable giving of the wealthy, then some of the 47% actually contribute more financially to society than some of the wealthy do!
Taxes are collected by the government to fund public expenditures, while social insurance taxes are specific taxes that fund social insurance programs like Social Security and Medicare. Social insurance taxes are often earmarked for specific benefits, while general taxes contribute to broader government spending.
legislative..
The federal gov doesn't pay taxes
Discretionary funds is the money the government can decide how to spend.
Workers spend quite a bit of their money paying taxes. These taxes include social security and income taxes. Some workers have other deductions taken out of their paycheck.
File the appropriate return for the taxes you had withheld.
To collect revenue and to spend the money for development activities
When tourists come, they spend money. The buisnesses that they spent money at earn revenue and they spend money witch helps stimulate the local economy. Also, they have to pay taxes on everything, and that generates revenue for the state. When tourists come, they spend money. The buisnesses that they spent money at earn revenue and they spend money witch helps stimulate the local economy. Also, they have to pay taxes on everything, and that generates revenue for the state.
Money that you spend in jail would not be reported on your income tax return.
If taxes were lower, businesses and consumers would spend and invest their extra money, causing the economy to grow.
To make decisions about how to raise taxes and spend the money raised by tax.
comsumer will have less money to spend
Taxes