PDA

View Full Version : More in taxes paid than for food, clothing, health care, electricity and phones COMBINED




Anti Federalist
10-02-2019, 11:35 AM
Americans Spent More on Taxes in 2018 Than on Food, Clothing and Health Care Combined

https://www.cnsnews.com/commentary/terence-p-jeffrey/americans-spent-more-taxes-2018-food-clothing-and-health-care-combined

By Terence P. Jeffrey | October 2, 2019 | 5:06 AM EDT

A grocery shopper in Los Angeles on July 24, 2019. (Photo by Mark RALSTON/AFP/Getty Images)
Americans on average spent more on taxes in 2018 than they did on the basic necessities of food, clothing and health care combined, according to the Bureau of Labor Statistics Consumer Expenditure Survey.

The survey's recently published Table R-1 for 2018 lists the average "detailed expenditures" of what the BLS calls "consumer units."

"Consumer units," says BLS, "include families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share major expenses."

In 2018, according to Table R-1, American consumer units spent an average of $9,031.93 on federal income taxes; $5,023.73 on Social Security taxes (which the table calls "deductions"); $2,284.62 on state and local income taxes; $2,199.80 on property taxes; and $77.85 on what BLS calls "other taxes."

The combined payments the average American consumer unit made for these five categories of taxes was $18,617.93.

At the same time the average American consumer unit was paying these taxes, it was spending $7,923.19 on food; $4,968.44 on health care; and $1,866.48 on "apparel and services."

These combined expenditures equaled $14,758.11.

So, the $14,758.11 that the average American consumer unit paid for food, clothing and health care was $3,859.82 less than the $18,617.93 it paid in federal, state and local income taxes, property taxes, Social Security taxes and "other taxes."

I asked the BLS to confirm these numbers, which it did while noting that the "Pensions and Social Security" section of its Table R-1 included four other types of payments (that many people are not required to make or that do not go to the government) in addition to the average of $5,023.73 in Social Security taxes that 77.21% of respondents reported paying.

"You asked us to verify the amounts for the total taxes and expenditures on food, apparel/services, and healthcare," said BLS. "Based on table R-1 for 2018, your definition for food, apparel, and healthcare matches the BLS definition and the total dollars. Your dollar amounts for federal, state, and local income taxes and for property taxes are correct, as is the amount for Social Security deductions. For the combined pension amount [$6,830.71] that we publish however, in addition to the $5,023.73 for Social Security, there is an additional amount for government retirement deductions [$135.11], railroad retirement deductions [$2.85], private pension deductions [$608.22], and non-payroll deposits for pensions [$1,060.79]."

That Americans are forced to pay more for government than they pay for food, clothing and health care combined has become an enduring fact of life.

A review of the BLS Table R-1s for the last six years on record shows that in every one of those years, the average American consumer unit paid more in taxes than it paid for food, clothing and health care combined.

In 2013, the average American consumer unit paid a combined $13,327.22 for the same five categories of taxes cited above for 2018, while paying a combined $11,836.80 for food, clothing and health care.

In 2014, the average American consumer unit paid $14,664.13 for those same taxes and $12,834.34 for those same necessities.

In 2015, it was $15,548.36 versus $13,210.83. In 2016, it was $17,153.30 versus $13,617.60. And, in 2017, it was $16,750.20 versus $14,489.54.

Even when all the numbers for the last six years are converted into constant December 2018 dollars (using the BLS inflation calculator), the largest annual margin between the amount paid in taxes and the amount paid for food, clothing and health care was last year's $3,859.82.

The margin was so great last year that you can add the $3,225.55 Table R-1 says the average consumer unit paid for entertainment to the $14,758.11 it paid for food, clothing and health care, and the combined $17,983.66 is still less than the $18,617.93 it paid for the five categories of taxes.

You get a similar result if you add the combined $2,903.50 that the average consumer unit paid in 2018 for electricity ($1,496.14) and telephone services ($1,407.36).

Yes, Americans on average paid more in taxes last year than they paid for food, clothing, health care, electricity and telephone services combined.

Was the government you got worth it?

Zippyjuan
10-02-2019, 11:58 AM
On the other hand, half all income tax filers owe no income tax so the median family unit can subtract that "$9,031.93 on federal income taxes" out.

The "average consumer unit" income in the survey was $78,000 a year. That means the average unit spent about ten percent of their income on food and 6.4 percent on healthcare.


At the same time the average American consumer unit was paying these taxes, it was spending $7,923.19 on food; $4,968.44 on health care; and $1,866.48 on "apparel and services."

These combined expenditures equaled $14,758.11.

That would be 19% of income. People used to spend as much as a third of their income just on food.

The "all taxes" portion is 23%. But again, half of all income tax filers owed no net income taxes.

oyarde
10-02-2019, 04:10 PM
Expect taxes to go up if you get a dem president .

Anti Globalist
10-02-2019, 04:13 PM
Expect taxes to go up if you get a dem president .
You'd have to be insane to think a Democratic president wouldn't lower your taxes.

TheCount
10-03-2019, 12:32 AM
The obvious solution to this is for the government to spend more money.

euphemia
10-03-2019, 03:09 AM
In Tennessee food is taxed. All food. Nearly 10%.

timosman
10-03-2019, 03:15 AM
The obvious solution to this is for the government to spend more money.

budget deficit is not a tax? :confused: