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It means housing, food and clothing is affordable, and people are spending the rest of the money on something else. Hopefully they are saving too. Let's not pretend taxes are high, because they are not.
Besides, the title is "America will spend more on taxes....", not "Americans". It compares the total tax revenue (including corporate) to the total which is spent on housing, food and clothing. A lot of the tax revenue is collected from entities who do not spend a dime on housing, food and clothing, so whole comparison is next to meaningless.
It means housing, food and clothing is affordable, and people are spending the rest of the money on something else. Hopefully they are saving too. Let's not pretend taxes are high, because they are not.
Taxes are way beyond high. We surpassed high taxes 80 years ago.
Besides, the title is "America will spend more on taxes....", not "Americans". It compares the total tax revenue (including corporate) to the total which is spent on housing, food and clothing. A lot of the tax revenue is collected from entities who do not spend a dime on housing, food and clothing, so whole comparison is next to meaningless.
Not true at all. All taxes are paid for by consumers. Some, such as corporate taxes, are hidden but we pay them anyway. Sooner or later, consumers pay all taxes.
So the whole comparison is very meaningful. AMERICANS spend more on taxes than food, clothing and housing combined.
You can't deny the facts even though you love big government and high taxes.
Taxes are way beyond high. We surpassed high taxes 80 years ago.
They are currently very low. Average effective tax rate (17.4%) is lowest in 30 years, which includes Reagan years.
"The average rate paid by all households for all federal taxes combined — including income taxes, payroll taxes, excise taxes (on such things as gasoline, tobacco and alcoholic beverages) and individuals’ share of corporate income taxes"
The average tax payer works the first 3 hours a day for the government.
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