1. If the entire federal government spend became supported solely by by Income Tax, that means all the other federal taxes would vanish. That other half [0] is way too large ignore when imagining what an alternate-universe American's wages and burden might look like.
2. Dividing by 340m means including the ~75m below age 18 [1] and I don't think we should expect day-old newborns to pay income taxes.
That said, this breakdown [2] may be useful for visualizing, particularly the two-stack diagram showing share-of-earnings versus share-of-taxes for different subgroups.
1. If the entire federal government spend became supported solely by by Income Tax, that means all the other federal taxes would vanish. That other half [0] is way too large ignore when imagining what an alternate-universe American's wages and burden might look like.
2. Dividing by 340m means including the ~75m below age 18 [1] and I don't think we should expect day-old newborns to pay income taxes.
That said, this breakdown [2] may be useful for visualizing, particularly the two-stack diagram showing share-of-earnings versus share-of-taxes for different subgroups.
[0] https://www.cbo.gov/publication/61185
[1] https://data.unicef.org/how-many/how-many-children-under-18-...
[2] https://taxfoundation.org/data/all/federal/latest-federal-in...