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Median household income in the US is $80k/yr. If you live in say Houston or Orlando a married couple will pay $6,230 in federal income tax + $6,120 in FICA for
by rmah 5y ago
Median household income in the US is $80k/yr. If you live in say Houston or Orlando a married couple will pay $6,230 in federal income tax + $6,120 in FICA for a total of $12,350 in taxes or 15.4%. If they have children, they will pay less.
A lower middle-class couple with similar circumstances making $50k will pay 12.9% in taxes.
- rgrieselhuber 5y agoThis doesn't take into account property tax, sales taxes, fuel taxes, car registration fees, etc.
- dragonwriter 5y ago> Median household income in the US is $80k/yr. No, its not, its about $65K. Though Google’s Knowledge Graph pulls a snippet about the structurally higher median family income if you search for median household income.