Posted on 09/29/2018 11:23:05 AM PDT by John Semmens
Bureau of Labor Statistic's data on consumer expenditures for 2017 reveal that the average non-welfare-dependent family had to pay more in taxes ($16,749) than they did for food and clothing combined ($9,562). The 2017 tax burden was down from 2016's $17,153.
Reactions to this data split along partisan lines. The Trump Administration lamented the continuing high tax burden, but took some encouragement from the decline from 2016 to 2017. Trump's top economic adviser, Larry Kudlow acknowledged that "reducing the tax burden is an essential step in the President's effort to revitalize the US economy. It's a shame that the government takes such a large share of every wage-earner's income. The modest progress we've made so far at least puts us on the right path."
Democrats have a different perspective. "What Republicans aren't telling voters is that a significant portion of the taxes go toward buying food and clothing for people who are unwilling or unable to buy it for themselves," House Minority Leader Nancy Pelosi (D-Calif) said. "This is the 'social safety net' that was initiated by FDR's New Deal back in the 1930s. Do voters really want to undo that deal? Is keeping a few hundred more dollars a year from your salary more important than being your brother's keeper? We're confident that Trump's plan will be repudiated at the polls. Voters know that Democrats can be trusted to make better use of the nation's scarce resources than the greedy individuals who clamor for tax cuts."
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
https://www.freedomsphoenix.com/Opinion/248374-2018-09-28-semi-news-semi-satire-september-30-2018-edition.htm
Does this also account for corporate taxes? After all corporations don’t pay taxes they collect them. They add the costs of the taxes and collection them to their products. So really the consumer I started payer.
I believe that the corp taxes are part of the retail prices of food & clothing that make up the $9,562 total. Any sales taxes paid for these items are part of the $16,749 total.
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