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taxes
- Average wage earners in the United States face two major taxes: the individual income tax and the payroll tax (levied on both the employee and the employer).
- Although a little more than half of a U.S. worker’s payroll tax burden is paid by his employer, the worker ultimately pays this tax through lower take-home pay.
- The total tax burden faced by average wage earners in the United States is 31.7 percent of their pretax earnings, paying $17,558 in taxes in 2015, with $9,167 in individual income taxes and $8,391 in payroll taxes.
- The total tax burden faced by average U.S. workers is the 24th highest in the OECD, below the 34-country average of 35.9 percent.
