who pays taxes in America have the big corporations been absorbing all the pressure or are Americans in the middle class also contributing let's break down the numbers and determine who will bear the tax burden by 2025 one middle class the spinal backbone of America let's start with the middle class which most of us fall into if you work a 9 to5 or have a regular job you might think you're paying more than your fair share of taxes well you're right the middle class makes up a huge chunk of tax revenue in


America from income taxes to Social Security and Medicare payroll taxes most of what you work for is taken by the government even before it reaches your bank account on top of that you also pay sales tax whenever you buy something it is like the government always has its hands in your pocket every time you earn or spend money two the affluent paying less than you thought well now let's talk about the rich indeed the wealthiest Americans pay the most taxes right well not exactly many wealthy individuals pay a smaller


percentage of their income in taxes and here is why they make their money not on salaries but on investments and capital gains and the tax rate on that income is often lower than what regular workers pay in income tax so while they may pay more in absolute dollars it's a smaller share of their wealth than the middle class three big corporations paying less or paying nothing now what about the big corporations they are the ones making billions right indeed they are paying their fair share of taxes well here's


the kicker some of the biggest companies in America pay zero federal taxes Yes you heard that right thanks to tax loopholes deductions and sometimes offshore accounts many corporations manag to avoid paying taxes altogether Amazon Netflix and other Tech Giants have found ways to spend very little despite making huge profits four small businesses high taxes for low returns as for small business owners aren't they the ones paying a decent amount too they spend many more percentage points of their income in


taxes than a large corporation does small businesses do not have the resources to avoid taxes like the big boys so they pay higher rates more often small business owners pay 30% or more in taxes so they bear a more immense burden than the more significant more affluent companies five business owners Federal and self-employment taxes in addition to the above federal taxes small business owners are expected to pay self-employment taxes an additional tax that ordinary employees do not have to pay you are responsible for paying


15.3% of the employer and employee portions of Social Security and Medicare taxes so if you run your business alone you are paying your share of federal income taxes you also owe self-employment taxes which can significantly reduce your take-home pay six who pays so who pays taxes in America the middle class although the rich in corporations May pay more they spend a smaller fraction of their earnings because of tax loopholes and special tax rates small business Proprietors and the working class feel


the pinch most since they don't have enough money to buy themselves from taxes so what is this the tax heavy lifting happens with middle class and small business owners while wealthy and big corporations do just about anything but pay their fair share so do you find that to be fair have your say in the comments like share and subscribe for more content tap that little bell never to miss an update