Americans Spend More on Taxes Than Food, Clothing, Housing Combined

According to the Tax Foundation’s annual report, Americans spend more on taxes than their whole budget for food, clothing and housing. “Tax Freedom Day gives us a vivid representation of how much federal, state, and local tax revenue is collected each year to pay for government goods and services,” said Tax Foundation Analyst Scott Greenberg. “Arguments can be made that the tax bill is too high or too low, but in order to have an honest discussion, it’s important for taxpayers to understand the cost of government. Tax Freedom Day helps people relate to that cost.” (washingtonexaminer.com)