“Consumer units” (which include families, financially independent individuals, and people living in a single household who share expenses) spent an average of $9,562 on food and clothing in 2017, according to BLS. But they spent $16,749 on federal, state and local taxes.
The average 2017 tax bill included $7,819 in federal income taxes; $2,098 in state and local income taxes; and $51 in other taxes—which the BLS rounded to a subtotal of $9,967.
It also included $4,717 in Social Security taxes; and $2,065 in property taxes—bringing the total average tax bill for the year to $16,749..........To Read More....
The average 2017 tax bill included $7,819 in federal income taxes; $2,098 in state and local income taxes; and $51 in other taxes—which the BLS rounded to a subtotal of $9,967.
It also included $4,717 in Social Security taxes; and $2,065 in property taxes—bringing the total average tax bill for the year to $16,749..........To Read More....
My Take - As bad as this is, it's actually worse. When they discuss how much is spent on food and clothing they fail to point out how much of those costs are as a result of taxes imposed on the producers. Taxes and regulations are a cost of doing business and those costs are passed on to the consumer. I effect - those are hidden taxes on everyone, including those who pay no federal income tax, which runs approximately between 45 and 50 percent of the population.
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