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Americans Spend More on Taxes than on Food, Clothing and Housing

Published May 20 2015 at 8:00 PM GMT
Key
Points
  • MoneyTipsEvery year, the Tax Foundation compares the total amount of taxes paid in America and the amount of spending on the necessities of food, clothing, and shelter.
  • In most recent years, the Tax Foundation has concluded that Americans spend more on taxes than on necessities " and 2015 is no different.
  • The Tax Foundation projections show a total of $4.85 trillion in taxes paid in 2015, divided between $3.
  • 28 trillion in federal taxes and $1.57 trillion collected at the state and local level.




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  • Published May 20, 2015 8:00 PM GMT