Taxpayers Spend More To Prop Up Government Than They Do On Themselves

Issues & Insights

BY I & I Editorial Board

One would think that in a nation founded on liberty that we’d be free to spend more on personal consumption than the government takes from us. But that’s not the case. Americans are paying more in taxes than they spend on themselves. Anyone who thinks this is healthy has a profoundly warped sense of right and wrong.

In 2020, according to Terence P. Jeffrey at CNS News, who did the arithmetic using Bureau of Labor Statistics data, American “consumer units” – a BLS term – “spent a net total of $17,211.12 on taxes” sent to Washington, state capitals, and local halls of government. Meanwhile, they spent “only $16,839.89 on food, clothing, health care and entertainment combined.”

Apparently the tribute paid to government isn’t enough. Americans just have to “give” more. The Biden administration is expecting to extract trillions more from us to pay for government programs it hopes will cement a permanent Democratic majority in Washington. We’re told that the agenda will be paid for by hiking taxes on the rich, but the reality is, “in the end, average Americans, not the rich,” will have to “pick up the tab.”…

Major Tax Increases are About to Slam America as Cities and States Want You to Pay for Covid Fallout

Waking Times

Just prior to the global Coronavirus outbreak, serious signs of an emerging financial crisis began to emerge. As people were beginning to realize that yet another central bank engineered ‘bust’ was coming down on us, we were thrown into lockdown, shuttering millions of businesses and sending millions of people to the unemployment line.

Now, a few months later, we are starting to realize just how deep the economic fallout will be, and Americans are scrambling to adjust their lifestyles to a totally new world order. At the top of the food chain, though, is government. City, county, state and federal.

In the midst of such a bizarre and frightful socioeconomic crisis, the tax man is hurting too. Tax revenues at all levels of government have plummeted like never before, and the pain is especially acute for city budgets who’ve seen sales tax revenue nosedive. While the American citizenry is seeing a drastic drop in income, so is Uncle Sam and all of his bureaucratic agencies.

Read More