(CNSNews.com) According to newly released data from the Bureau of Labor Statistics, Americans in 2021 once again spent more on average on taxes than they did on food, clothing and health care combined.
During 2021, according to Table R-1 in the BLS’ Consumer Expenditure Survey, American “consumer units” spent an average of $15,495.28 on food, clothing and health care combined, while paying an average of $16,729.73 in total taxes to federal, state and local governments.
“A consumer unit,” the BLS says in the glossary for its Consumer Expenditure Survey, “comprises either (1) all members of a particular household who are related by blood, marriage, adoption or other legal arrangements; (2) persons living alone or sharing a household with others or living as a roomer in a private home or lodging house or in a permanent living quarters in a hotel or motel, but who is financially independent; or (3) two or more person living together who use their income to make joint expenditure decisions.”
On average in 2021, American consumer units spent $8,289.28 on food; $1,754.39 on clothing (apparel and apparel-related services); and $5,451.61 on health care.
That equaled a combined $15,495.28.
{Matzav.com}
Meaningless statistic. The one percent of American earners pay forty percent of all taxes. The top ten percent pay over seventy percent of all taxes and the top twenty five percent pay almost ninety percent of all taxes. Yet they are averaging it out among everyone. Secondly this is clearly counting those who are on food stamps and medicaid as “paying” for food and healthcare
Why does Warren Buffett’s secretary pay more in taxes than he does?!
The system is broken.
Why are you asking just about Buffett? The same question could be asked (for example) regarding George Soros.
Solution: move to Canada for one year, then move back. Taxes just went down 50%