What Is the Total Amount of Taxes You Pay in Washington Before You Die?
Taxes have been a major part of human society since the earliest civilizations. No one really likes them, but most begrudgingly accept that they are necessary. Without taxes, it would be challenging to fund infrastructure projects, the military, and various social programs. But how much do you really pay over the course of your life in Washington? Remember, income tax is just one part of the equation. If you’d like to limit your tax burden – especially regarding estate tax – consider working with an estate planning attorney in Spokane.
The Average American Pays Over $500,000 in Taxes Over the Course of Their Life
According to Self.inc, the average American pays about $525,000 in taxes before they pass away. This represents almost 35% of their total earnings throughout life. When people think about taxes, the thought that immediately jumps to mind is income tax. However, income tax only represents about half of the average $525,000 figure. The average American also pays a considerable sum in property tax ($165,000) during their lifetime.
Another often-overlooked type of tax is sales tax – something that Washington residents are all too familiar with. The Evergreen State has some of the highest sales taxes in the nation, and this somewhat balances out the lack of state income tax. In fact, Washington residents pay the most sales tax during their lifetime, handing the government approximately $83,000 just for the privilege of purchasing food, clothing, and other basic necessities.
With these factors in mind, Self.inc states that the average Washington resident will rack up a tax bill of $631,000 before passing away. This is significantly higher than the national average – although still lower than some of the most heavily taxed states in the nation. For example, New Jersey residents pay almost $1 million in taxes before dying.
The Taxation Continues Even After You’re Gone
But that’s not all! Even after you pass away, the government continues to tax everything you managed to save during life. Washington residents face both federal and state estate taxes, and this can be a considerable burden for high-net-worth families. The good news about the federal estate tax is it now has a relatively high exemption rate – verging on $14 million in 2025. The bad news is that Washington’s estate tax exemption is much lower, at about $3 million as of July 1, 2025.
Can a Spokane Estate Planning Lawyer Help Me Reduce My Taxes?
A Spokane estate planning lawyer may be able to help you limit various taxes – including federal estate taxes, state estate taxes, and capital gains taxes. Many of these taxes could be passed on to your loved ones after you die. Even if you don’t pay them during your life, they could still represent a burden to your family. To continue this discussion in more detail, schedule a consultation with Moulton Law Offices.
Sources:
self.inc/info/life-of-tax/
actec.org/resources-for-wealth-planning-professionals/state-death-tax-chart/#state-washington–
