Serious stuff! Many taxpayers probably don't realize how much in taxes they pay per year or per lifetime! Just shrugging one's shoulders is not good enough. Ask for small and limited government!
Always remember, high taxes reduce individual philanthropy!
This approach is similar to the Tax Freedom Day that is announced every year. It indicates how much of the year a taxpayer works for the government.
"A new analysis of lifetime taxes in all 50 states shows New Jersey residents will pay an estimated $1.36 million over a lifetime, the highest in the country, while Florida has the lowest bill at roughly $509,000.
Nine states top $1 million, with the Northeast dominating: Massachusetts ($1.30 million), Connecticut ($1.25 million), and New York ($1.08 million) all make the list.
The average taxpayer in the U.S. will spend an estimated $762,272, a third of all estimated lifetime earnings.
The estimates assume a 45-year working life for a single filer, including federal, state, property, sales, and vehicle taxes. ..."
Top ten states
Bottom ten states
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