BLS: Americans Spend More on Taxes Than Food and Clothing Combined
Thursday, August 31, 2017 | Tag Cloud Tags: Federal Reserve, Internal Revenue Service, News, tax, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – Americans on average spent more on taxes in 2016 than they did on food and clothing combined, according to data released this week by the Bureau of Labor Statistics.
The same data also shows that in three years—from 2013 to 2016—the average tax bill for Americans increased 41.13 percent.
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). [ Source (Read More…) ]
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