On average, all together, what percentage of our money ends up going to to government?

Question

One person told me that at the end of the day, all things considered, about 40% of our money ends up going to to government in one way or another.

Answer 1

The U.S. GDP is about $13.6 trillion, and the federal budget is about $2.9 trillion, so the federal government gets about 22%.  The amount that goes to state, local, and sales taxes will depend on where you live, but will generally take up around another 10%.

Answer 2

too much

Answer 3

39% is the highest federal tax bracket, Ad in state and locals tax and you can pay upwards of 50% depending where you live of course.  

Answer 4

on average the individual tax payer is giving 42 cents out of every dollar

made    mr  doodles

Answer 5

If you are very wealthy, a huge portion goes to the government.

If you are not wealthy, it's a much, much smaller percentage.

Here are the tax brackets:

http://www.moneychimp.com/features/tax_b...

Also consider that the weathy are spending much more and thus paying much more in sales tax.