Federal, state and local taxes claim almost 27 percent of the average American's income.

In computing "state and local taxes," the figure on the 1986 return will help.

We pay approximately $10,600 annually in Federal, state and local taxes.

All taxpayers would have to pay even higher state and local taxes to make up for the additional interest to be paid.

Federal, state and local taxes can add 20 percent to the bill.

Here's why: Families deduct state and local taxes from their education costs.

That tax is in addition to any state and local taxes.

In addition, you may face state and local tax that can bring taxes up to 40 percent.

His railroad pension is not subject to state or local tax.

After all, he said, "it is 40 percent of any number you're talking about," when you figure in state and local taxes.