Sunday, May 6, 2012
The nonpartisan Tax Foundation says that this year, U.S. citizens will pay more than $4 trillion in total federal, state and local taxes.
That sum “is $152 billion, or 3.9%, more than they will spend on housing, food, and clothing combined,” says the tax research nonprofit.
Moreover, a greater percentage “of government benefits now go to pay for those same basic expenses of low-income Americans,” it says.
The Tax Foundation says it has been studying “the trends of tax collections and expenditures on housing, food, and clothing for the past several decades.”