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Americans Spent More on Taxes in 2021 Than on Food, Clothing and Health Care Combined
By Terence P. Jeffrey | September 9, 2022
Quote:
(CNSNews.com) - According to newly released data from the Bureau of Labor Statistics, Americans in 2021 once again spent more on average on taxes than they did on food, clothing and health care combined.
During 2021, according to Table R-1 in the BLS’ Consumer Expenditure Survey, American “consumer units” spent an average of $15,495.28 on food, clothing and health care combined, while paying an average of $16,729.73 in total taxes to federal, state and local governments.
I am not buying it for the bottom 90%. 50% of all US workers pay 0 federal income tax. They pay sales tax, SS, Medicare, and maybe some state income tax. So "on average" means the top 10% paying the taxes spread out over the bottom 90% would be more than the bottom 90% spends on food, clothing, and health care.
Beyond which, they disclude rent/housing which is your single most massive expense. They then disclude costs for cars, gas, utilities, on and on...
Cherry picking to the max. I have no clue what this article is even supposed to prove.
I googled "what is the average effective tax rate by income"
The response I got was:
Income Range (AGI) Average Tax Liability Effective Tax Rate (% of AGI)
$1 to $25,000 $208 1.7%
$25,000 to $50,000 $1,871 5.2%
$50,000 to $100,000 $6,251 8.7%
$100,000 to $200,000 $16,977 12.6%
[I am certain the formatting got messed up when I did the cut & paste.]
It looks to me like roughly 50% of US citizens [the $1 to $25,000 category] are effectively taxed around 1.7% of their income.
So by the title of this thread these people spend less than that [1.7% of their income] on their Food, Clothing and Health Care Combined.
Are they including the half of the population that does not pay taxes in tabulating the cost for food, clothing, and health care? They certainly aren't paying more in taxes.
$16,729 divided by 12 months is approximately $1394. My guess is the majority of the portion of the country that pays taxes is spending more than $1394 per month on rent/mortgage alone.
It is hard to fathom that our taxes are as outrageous as they are, given that our Founding Fathers fought a revolution over taxation that was a fraction of what we currently pay...
From the article:
Quote:
Originally Posted by Reason
The BLS measures spending per "consumer unit," which it describes as "either (1) all members of a particular household who are related by blood, marriage, adoption or other legal arrangements; (2) persons living alone or sharing a household with others or living as a roomer in a private home or lodging house or in a permanent living quarters in a hotel or motel, but who is financially independent; or (3) two or more person living together who use their income to make joint expenditure decisions."
On average, each "consumer unit" paid more than $16,000 in taxes last year. This outpaces average spending on food, clothing, education, and health care combined.
The mean for total spending per unit on health care, food, education, and clothing was $16,721.42. This included an average of $8,289.28 on food, $5,451.61 on health care, $1,226.14 on education, and $1,754.39 on apparel.
The mean for total spending per unit on taxes was $16,729.73. This included $8,561.46 in federal income tax, $2,564.14 in state and local income taxes, $2,475.18 in property taxes, $5,565.45 in Social Security deductions, and $105.21 in other taxes, offset by an average stimulus payment of $2,541.71.
Well those taxes are going towards welfare which includes food, housing, and education, infrastructure, and foreign aid like transgender studies in a remote Pakistani mountain village. Not police though because we defunded those.
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Americans Paid More Money In Taxes, Last Year, Than On Food, Health Care, Clothing, And Education
