News / Article

Americans paying more in taxes than for food, clothing

Source: foxnews.com - Sep 1, 2017

Americans spent more money on taxes than they did on food and clothing last year, according to data released earlier this week.

In an assessment of “Consumer Expenditures” for 2016, the Bureau of Labor Statistics showed the average bill for federal, state and local taxes was $10,489.

By comparison, Americans spent $9,006 on food and clothes, with most of that going toward food.

CLICK SOURCE TO READ ENTIRE ARTICLE

Category: General Business