Tax Day: Understanding the Tax Burden Across the United States

Tax Day on April 15 is the annual deadline for filing your income tax returns, and it’s a significant event for millions of individuals and businesses across the United States . Uncle Sam takes his cut of our past year’s earnings every April, and since the tax code can be complicated, it’s hard for the average person to tell how they will be impacted.

These include:Keep in mind, the findings reveal that low income taxes don’t always mean low taxes as a whole. For example, while the state of Washington’s citizens don’t pay income tax, they still end up spending over 8% of their annual income on sales and excise taxes. Meanwhile, Texas residents also don’t pay income tax, but they spend 1.63% of their income on real estate taxes – one of the highest rates in the country.

Tax Day Income Tax Returns Tax Burden United States Tax Code States Property Taxes Individual Income Taxes Sales And Excise Taxes

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