How many taxes does the average American pay?

How many taxes does the average American pay?

The average American pays all kinds of different taxes. Their going to pay sales taxes, their going to pay property taxes if they own their own home, Federal income tax, many cases state income tax, and some cases even city income tax, like in New York City. There are just lots of taxes because all the different municipalities and government agencies want to get money to support their operations one way or the other. Even though we pay a lot of taxes here, we still pay a lot less than a lot of other countries, particularly in Europe or Canada. They have much higher tax rates than we do. The other big tax that we pay is capital gains and dividends. When you receive a dividend from a corporation that you are a share holder of, or when you sell a stock for profit for capital gain, you pay a tax on that, typically of fifteen percent. In other countries again, they have much higher taxes than we do. So, we like to complain about it a lot, but in fact our taxes are much lower than a lot of other places in the world.