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Do Americans Pay Too Much in Taxes?

Thursday, 19 Aug 2010 | 7:34 AM ET

The organatization Americans for Tax Reform says today is the day Americans achieve tax freedom. They call it "Cost of Government Day." It's the day we've paid our debts to the government for the year. This year, that's nearly three-quarters of the year.

At the high end, some Americans pay 35 percent of their income in taxes. So what do you think? Are Americans paying too much in taxes? Share your opinion below:

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  • Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.

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