TAXATION NATION: Americans Spent More on Taxes in 2017 than FOOD and CLOTHES Combined
A stunning new report from the Bureau of Labor Statistics showed average Americans spent more on taxes in 2017 than they did on feeding and clothing their families; shocking voters as Democrats call for higher taxes heading into the 2018 midterm elections.
According to CNS News, American households spent an average of $9,562 on clothes and food last year. The same “consumer units” paid roughly $16,000 in federal, state, and local taxes during the same period.
“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,” writes CNS.
“A consumer unit,” according to the Bureau of Labor Statistics “is defined as either (1) all members of a particular household who are related by blood, marriage, adoption, or other legal arrangements; (2) a person living alone or sharing a household with others or living as a roomer in a private home or lodging house or in permanent living quarters in a hotel or motel, but who is financially independent; or (3) two or more persons living together who pool their income to make joint expenditure decisions.”
Read the full report at CNS News.
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