THIS SITE IS PROVIDED FOR ENTERTAINMENT PURPOSES ONLY! I'm not a tax professional, nor am I pretending to be. This website is not to be used as a source for any tax advice or to estimate any tax liability. Its sole purpose is to give you an idea of the total amount of taxes that you're paying on a yearly basis if you consider all monies collected for taxes from you, or because of you.
When many people consider the taxes they pay in the United States, they think of their federal tax bracket assigned based on their Adjusted Gross Income.
I believe this to be the case because it is the single largest percentage of your income that is carved out as one chunk. The truth is, it is little more than half of the taxes paid by most U.S. citizens. When you hear about someone that doesn't pay taxes because of tax loopholes, etc., think again.
Here is a list of some of the taxes that we all pay, but rarely consider as part of our tax burden:
I've put together this nifty website to allow you to quickly analyze what you might be paying in taxes as a percentage of your income. It only takes a few minutes. So give it a try. It'll definetly be an eye opener! It calculates the total percentage of your income that you pay in taxes either directly, or indirectly. It even includes taxes paid on your behalf by your employer.