You Probably Spend More On Taxes Than Food, Clothing, and Housing Combined

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Are you familiar with Tax Freedom Day? No, it isn’t the day after April 15th. According to the Tax Foundation, it’s the day of the year when the average American has earned enough money to pay for all the income taxes they will accumulate throughout the rest of the year. In 2016, that day will fall on April 24th. Or put another way, if you work during all 52 weeks of the year, more than 16 weeks of your labor are going to the IRS.

According to the Tax Foundation’s annual report, Americans are going to spend a total of $5 trillion on federal, state, and local taxes this year, which amounts to about 31% of our nation’s income. That’s almost $1 trillion more than we spend on food, clothing, and housing put together.

Tax Freedom Day happens to fall one day earlier this year than it did last year, but when you consider our government’s deficit spending, the day lands on May 10th. It also varies from state to state. Tax Freedom Day falls on May 21st in Connecticut, but arrives as soon as April 5th in Missouri.

Historically speaking we’re paying way more than our parents and grandparents did. A hundred years ago Tax Freedom Day was in late January. While most Americans will complain about how much they’ll have to fork over on April 15th, they largely have no concept of how much they are paying in a historical context. And to think our ancestors revolted against the British Crown when 1-2 percent of their income was taxed.

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Contributed by Joshua Krause of The Daily Sheeple.

Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger .

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  • ExecutorOffice

    Life is tough, but it’s tougher when you’re stupid.
    Talk low, talk slow, and don’t talk too much.
    Tomorrow hopes we have learned something from yesterday.
    If everything isn’t black and white, I say, “Why the hell not?
    If you’ve got them by the balls their hearts and minds will follow.
    Never apologize and never explain – it’s a sign of weakness.
    Courage is being scared to death but saddling up anyway.

    Quotes of John Wayne.

  • I probably do not, since I barely make enough to live the way I do. I live the way I do so that I can afford to keep living the way I do, even if the price of things go up dramatically, because PMs will follow. It should be noted that the revolution was over taxation without representation, and the latter has been in a decline since 1787. If taxation was in direct proportion to representation, we wouldn’t be worried about it.

  • ExecutorOffice

    Uh, the CAFR account has well over 100 trillion collecting interest for the corrupt ones. Plus the CRIS CUSIP ‘court’ Account has well over 2 trillion.
    Websearch it

    INTERNAL REVENUE TAX AND AUDIT SERVICE (IRS)
    For Profit General Delaware Corporation
    Incorporation Date 7/12/33
    File No. 0325720
    FEDERAL RESERVE ASSOCIATION (Federal Reserve)
    Non-profit Delaware Corporation
    Incorporation Date 9/13/14
    File No. 0042817
    CENTRAL INTELLIGENCE AUTHORITY INC. (CIA)
    For Profit General Delaware Corporation
    Incorporation Date 3/9/83
    File No. 2004409

    How to stop the IRS with Debt Collection statutes 13

    UNITED STATES OF AMERICA, INC.
    Non-profit Delaware Corporation
    Incorporation Date 4/19/89
    File No. 2193946
    FEDERAL LAND ACQUISITION CORP.
    For-profit General Delaware Corporation
    Incorporation Date 8/22/80
    File No. 0897960
    RTC COMMERCIAL ASSETS TRUST 1995-NP3-2
    For-profit Delaware Statutory Trust
    Incorporation Date 10/24/95
    File No. 2554768
    SOCIAL SECURITY CORP, DEPT. OF HEALTH, EDUCATION AND WELFARE
    For-Profit General Delaware Corporation
    Incorporation Date: 11/13/89
    File No. 2213135

    How to stop the IRS with Debt Collection statutes

    from: http://www.myprivateaudio.com/WinstonShrout_4_IRS_or_IR_debt_collector.pdf

  • Well learn how to screw ’em without them knowing, it’s both fun and rewarding, lol. I know a multi-millionaire that pays no taxes, he does get harassed and audited though, last time they couldn’t find anything so they made shit up and there was nothing he could do about it but pay them $4k to go away, he said his tax guy costs more than double that so he just wanted to get rid of the loser IRS agent that couldn’t believe that one human being could do so much without being crooked. I guess she thought everyone else is a loser like she is.

  • They tell us we are drowning in debt but as usual, they’re lying.

    Nice list, thanks!

  • frankw

    The endless list of taxes and fees the average worker pays out without hope of relief simply illustrates the fact that we own nothing which cannot be taken from us by the government/bank cabal.

  • Joseph111

    taxes suck
    .
    Trump 2016!!