Americans spend more on taxes than on food

Americans spend more on taxes than on food

According to data released this week, the Bureau of labor statistics, last year Americans spent on taxes more money than for food and clothing.

In the document called «Consumer spending» stated that the average bill for Federal taxes, local taxes and state taxes in 2016 amounted to $10 489. For comparison, for food and clothing, US residents spend an average of $9,006, while the majority of these funds are spent on food. First about the fact the journalists wrote CNSNews.com.

Americans spend more on taxes than on food

Although for anybody not a secret that taxes leaves a decent amount of income households, it should be noted that the earlier Uncle Sam would cost much less: the average amount of taxes increased by 41 percent from 2013.

According to the Bureau of labor statistics, the Federal income tax grew from $5 743 $8 367 during this period. Local tax and state tax on the net profit also increased from $1 629 $2 046.

Statistics have been published because President trump intends to put pressure on Congress to pass tax reform. In his speech on Wednesday in Missouri he called for the simplification of the system and lower interest rates.

Trump believes that the complexity of the tax system makes it unfair. This affects ordinary Americans, who cannot afford to pay for the services of personal teams of accountants, but the rich big businessmen benefit from this confusion.

In addition, the Bureau of labor statistics reports that most money in 2016, Americans spent on housing, which on average costs $18 886 during the year.

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