Think you pay a lot in income taxes? You might pay more in this tax

Does the U.S. have the highest corporate tax rate?

Many people complain about paying too much in federal income taxes. But it turns out that a majority of U.S. tax filers actually pay less in income taxes than they do in payroll taxes, which fund Social Security and Medicare.

That’s according to Roberton Williams, a senior fellow at the Tax Policy Center.

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Personal finance news – CNNMoney.com

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