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Lets dive into how much the average middle-class person pays in taxes and what this means for their finances.
This amount includes both direct taxes, such as income taxes, and indirect taxes, like payroll taxes.
The average income for families in this group was $59,757 in 2021.
In 2021, the average family in the middle 20% received $30,033 in government transfers.
These transfers include benefits such as Social Security, Medicare, and Medicaid.
Perception vs.
Reality
Many Americans believe they pay too much infederal income taxes.
In reality, high-income Americans bear the largest share of thefederal tax burden.
Forpersonalized financial adviceand strategies to optimize your tax situation, consider consulting with a financial advisor.
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