Portfolio managers may be called investment managers, wealth managers, asset managers or financial advisors, but a true portfolio manager position is focused on the analytical side of investing rather than the sales aspect. Job Description
The short answer is that the average American tax return resulted in a tax bill of $9,118. During the most recent year for which we have complete data (2014), there were about 148.6 million tax returns filed, resulting in approximately $1.355 trillion in tax liability, after applying credits.
[10] As a result, most OECD countriesâ high average tax burden on labor is due to high payroll taxes (Figure 3). The average combined (employee and employer) payroll tax rate in the OECD was 22.6 percent in 2013, which was 6.7 percent higher than the U.Sâs combined rate of 15.9 percent. The total tax burden faced by wage earners in the United States is 31.3 percent of their pre-tax earnings, paying $16,658 in taxes in 2013, with $8,196 in individual income taxes and $8,462 in payroll taxes.