James if it makes you feel better, payroll taxes are regressive, the more you make past 107k the less you pay (by percentage). Even better if you earn your money through stock sales or dividends you pay 0%. Roughly 33-36% of our nation’s tax revenue comes from payroll taxes.
Most states use sales taxes to create most of their revenue, these taxes are also regressive since those who make less pay more as a precentage of their income.