TIME
U.S. taxpayers last week greeted April with understandable melancholy. By the 17th of the month (the 15th falls on Saturday this year), they must part with something near and dear to each of them—money. This year, according to the Tax Foundation, Inc., a nonprofit study group, the average American family will fork over $3,300 to federal, state and city tax collectors. That is $269 more than the median family in come in 1947. Overall, the foundation predicts, U.S. individuals and companies will hand out $203 billion, better than double the amount of fiscal ’56.
More Must-Reads from TIME
- Inside Elon Musk’s War on Washington
- Meet the 2025 Women of the Year
- The Harsh Truth About Disability Inclusion
- Why Do More Young Adults Have Cancer?
- Colman Domingo Leads With Radical Love
- How to Get Better at Doing Things Alone
- Cecily Strong on Goober the Clown
- Column: The Rise of America’s Broligarchy
Contact us at letters@time.com