How many months does the average worker need to work just to pay his annual tax bill?
The average American household brings in an average of approximately $50,000 of income every single year, with a +/- of $2,500. And every year the household is required to file and pay taxes to the federal and state government before the April 15th deadline. Obviously, the amount you owe and how long it takes to accumulate the required amount differs from person to person depending on the income earned. The average amount of time it usually takes for an American household to accumulate the income needed to cover their tax expenses is generally 3 months and 3 weeks. Sometimes the time can be longer, and sometimes shorter.