Millennials vs. Gen Z: Who Pays More in Taxes? [Yahoo! Finance]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: Yahoo! Finance
Although tax rates are the same regardless of your age or stage in life, the amount you pay can be quite different, typically because of your income and the deductions that can be available to you. So, who pays more in taxes — millennials or Gen Z Explore More: Billionaires vs. the Middle Class: Who Pays More in Taxes? Read Next: Owe Money to the IRS? Most People Don't Realize They Should Do This One Thing The Average Tax Burden of Millennials Millennials were born between 1981 and 1996, so they are now between 28 and 43 years old. At this stage of life, they may be married, have children and be homeowners. They are also in or approaching their peak earning years. The U.S. Census Bureau says that the average salary for a millennial is $47,034. The average millennial household makes $69,000 per year, according to Pew Research. This overview examines the tax burden for an average couple with this income. A millennial couple is likely to have children and, therefore, can ta
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TRU
Earnings
- 7/25/24 - Beat
TRU
Sec Filings
- 9/17/24 - Form 4
- 9/13/24 - Form 144
- 9/5/24 - Form 4
- TRU's page on the SEC website