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

April 12, 2016

The Tax Foundation just released their annual report and revealed a startling fact: Americans will spend more on income tax than they will on food, shelter, and clothing combined. All told, they will give about $5 trillion to Uncle Sam this year, or about 30% of their total income. The Resident breaks it down. Follow The Resident at http://www.twitter.com/TheResident

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