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Americans Now Spend More on Taxes Than Food and Clothing—Combined
A troubling new report released this week by the Bureau of Labor Statistics shows that Americans spent more on taxes last year than they did on food and clothing—combined. As the report shows, this problem shows no signs of slowing as the average American’s rate of taxation is increasing at a staggering rate.
As CNS News reports, in 2016, according to BLS, “consumer units” (which include families, financially independent individuals, and people living in a single household who share expenses) spent more on average on federal, state and local taxes ($10,489) than they did on food ($7,203) and clothing ($1,803) combined ($9,006).
Instead of realizing they are taxing Americans, quite literally out of their clothes, the state has been increasing the rate every year.
The average tax bill for American “consumer units” increased from $7,423 in 2013 to $10,489 in 2016, according to data released this week by the Bureau of Labor Statistics.
That is an increase of 41.13 percent—in only three years.
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Video Covered By: The Free Thought Project