Americans Pay More In Taxes Each Year Than “Food, Clothing, and Housing Combined”

Americans Pay More In Taxes Each Year Than “Food, Clothing, and Housing Combined”

Joshua Krause

April 7th, 2016

The Daily Sheeple

taxman-cometh

This article was written by Joshua Krause and originally published at The Daily Sheeple.

Editor’s Comment: This tax season, as you settle your debt with Uncle Sam, remember that nothing else in life cost you as much as your contributions to the federal government – the expense of policies you quite possibly don’t agree with at all are taking up more of your financial capitol (or energy) than anything else!

In the current context, taxes do a great job at regulating individuals who might become independently wealthy, or seek to operate on the basis of unique ideas and hard work, and instead, gruelingly punish the average American, and mold him into a subservient and compliant member of the crowd who does and pays what he is told on punishment of retribution, fines and debtor’s prison for failure to pay one’s proper share.

Meanwhile, the monetary system itself operates on the basis of a parasite, sucking off interest from every Federal Reserve note issued, making all those living by the dollar also subjugated to the ultimate control of the banks. Each man a serf, happiest when he is consumed with iPhones and entertainment, and easily reformed, if he errs, through the punishments of greater taxes and greater scrutiny over his transactions and any possible means of personal advancement, enrichment or entrepreneurship.

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

by Joshua Krause

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.

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 .

This article was written by Joshua Krause and originally published at The Daily Sheeple.