About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 Claire M. Hintz, The Tax Burden of the Median American Family 1 (2000)

handle is hein.taxfoundation/srjgxz0001 and id is 1 raw text is: TA X 1 lMnt FOUNDATION March 2000 No. 96 The Tax Burden of the Median American Family Two-Earner Family's Total Tax Burden Slips Under 40 Percent Of the many questions surrounding tax policy, few can match the substantive and political importance of the total tax burden on the median family. Taxes are the most funda- mental means of pricing out government, and yet few taxpayers have a clear notion as to the price they pay. Assessing the Total Tax Burden Taxpayers pay such a wide variety of taxes at the federal, state, and local levels. Some taxes are easy to detect, like a personal income tax or a sales tax, but many taxes go unseen. That happens when third parties-people who do business with taxpayers- have to pay taxes that end up being passed on to taxpayers in the form of higher prices or lower income. For example, employers pay half of all payroll taxes, and these taxes diminish salaries. Also, when corporations pay their own taxes, they pass that cost on. Unfortunately, taxpayers are mostly unaware of these hidden taxes even though they make up a significant fraction of the family's real tax burden. This lack of transparency in the national tax system is a great flaw that this study helps to remedy. For historical comparison, this study presents a fifty-year series of the aggre- 50% Figure I Taxes as a Percentage of Median Family Income Selected Years, 1955-1998 40% 30% 20% 10% Families with One Earner N Families with Two Earners 1955 1965 1975 1985 1995 1996 1997 1998 by Claire M. Hintz Senior Economist Tax Foundation Source: Tax Foundation _ j

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most