With taxes at the forefront of everyone's mind this month, Americans are finding themselves asking one big question: Am I being taxed fairly?
Or, better yet:
How am I being taxed compared to other taxpayers?
The answer can be broken down in a number of ways. But first, let's start with a particularly disturbing reality:
You and your fellow individual taxpayers are paying considerably more than corporations.
This chart, which was included in a report regarding corporate taxes by The Senate Permanent Subcommittee on Investigations, illustrates the alarming breakdown from the 2012 fiscal year.
As you'll notice, contributions from corporate taxes have shrunk significantly over time and now make up a very small portion of federal revenue — less than 10 percent. It was closer to 26 percent in 1950.
Payroll taxes, on the other hand, are at a steady increase. And that money, in large part, is coming out of your paycheck.
So, with all of that in mind, it seems individuals who are employed are bearing so much more of the tax burden than the corporations that employ them. This is very fishy considering corporations are usually the ones with the most money.
So while you chew on that, feast your eyes on another fascinating graphic.
This is the breakdown of how our country's taxpayers are taxed based on income:
So, according to Wallethub.com, it looks like rich people should try to move to Wyoming or Arkansas, but the middle class should stay the hell away from Arkansas. Those who are in the bottom 20 percent should consider leaving unsympathetic states like Washington and Illinois.
Although there are plenty of young people paying taxes, the middle aged demographic isn't as likely to be let off the hook.
According to a study by The Hamilton Project:
"Young people today have been particularly hard hit: many are unemployed or weathering the storm in graduate schools, meaning that they are, thus, not paying taxes. When looking more specifically at middle-aged workers with jobs, 96 percent paid federal income or payroll taxes."
The Hamilton Project
Of course, nobody likes handing their hard-earned money over to a government that is already trillions of dollars in debt. Unfortunately, it's a necessary evil.
And, as Benjamin Franklin once lamented, taxes are the only other certainty besides death.
What a pleasant thought.