Tax Foundation

How Much Do Americans Really Pay in Taxes? - NerdWallet The much-dreaded Tax Day is fast approaching, which means many Americans are scrambling to find old receipts and get their filings in order. It’s no secret that how much you pay in taxes each year significantly affects your bottom line and your quality of life. The average U.S. household that owns a home will pay about $14,000 in income, sales and real estate taxes this year — that’s about 27% of their total income. But not all taxes are equal: Your tax bill depends on where you live, so it’s important to know the role location plays in your tax obligations. NerdWallet’s analysis We looked at local, state and federal income tax rates for couples filing jointly and applied them to each city’s median household income and the corresponding income bracket to find average income taxes. We also looked at local and state sales taxes and applied those rates to an estimated amount of money spent by the average household on items subject to sales tax. Key findings California premium. Methodology

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