|Obama and Ryan: the architects of the continuing resolutions that skyrocket our taxes|
A Study of American Salaries 2013-16 Shows Americans Spend More on Taxes Than Food and Clothing Combined
As revealed by a 30 August 2017 CNSnews article, it seems that our own Bureau of Labor Statistics figures show Americans spend more on taxes than on food and clothing combined.
Americans on average spent more on taxes in 2016 than they did on food and clothing combined, according to data released this week by the Bureau of Labor Statistics.
The same data also shows that in three years—from 2013 to 2016—the average tax bill for Americans increased 41.13 percent.
In 2016, according to BLS, “consumer units” (which include families, financially independent individuals, and people living in a single household who share expenses) spent more on average on federal, state and local taxes ($10,489) than they did on food ($7,203) and clothing ($1,803) combined ($9,006).
The average tax bill for American “consumer units” increased from $7,423 in 2013 to $10,489 in 2016, according to data released this week by the Bureau of Labor Statistics.
The tax-and-spending data was collected as part of the BLS’s Consumer Expenditure Survey, which is conducted for the BLS by the Census Bureau. The survey measures the expenditures and incomes of American consumers.
The survey publishes the itemized expenditures of what it refers to as “consumer units,” which include “all members of a particular household who are related by blood, marriage, adoption, or other legal arrangements,” or “a person 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 “two or more persons living together who use their income to make joint expenditure decisions.” The BLS said that a consumer unit generally refers to a family.
In 2016, according to the survey, there were 129,549,000 “consumer units” in the United States. The average before-tax income of an American consumer unit was $74,664 for the year. The consumer unit then paid an average of $10,489 in personal taxes—including $8,367 in federal income taxes, $2,046 in state and local income taxes, and $75 in other taxes.
Three years before that, in 2013, according to the survey, there were 125,670,000 “consumer units” in America. The average before-tax income of these consumer units that year was $63,784. In 2013, consumer units paid an average of $7,432 in taxes—including $5,743 in federal income taxes, $1,629 in state and local income taxes, and $60 in other taxes.
From 2013 to 2016, overall personal taxes climbed from $7,432 to $10,489—an increase of $3,057 or 41.13 percent. Federal income taxes climbed from $5,743 to $8,367—an increase of $2,624 or 45.7%. State and local income taxes climbed from $1,629 to $2,046—an increase of $417 or 25.6 percent. Other taxes climbed from $60 to $75—an increase of $15 or 25 percent.
(Read more at CNSnews)
Until we can get rid of the continuing resolutions and implement Trump’s plan for tax reform, this will remain the same.
Food Stamp Applications Reach Record Highs in Early 2016
MRCtv reported in a 29 February 2016 article that food stamp applications had reached record highs.
Despite the unemployment rate being at an eight-year low (4.9 percent as of January 2016), the number of people on food stamps remains near an all-time high which was 47,636,000 in 2013.
Why the disparity in the numbers? Well, the unemployment rate does not take into account people who are not in, or have dropped out of, the workforce altogether.
The Bureau of Labor Statistics reported in January of this year that approximately 94 million Americans are not participating in the workforce.
But the Supplemental Nutrition Assistance Program (SNAP) has been hovering around 46 million participants since 2011. The current figure, as of February 2016, shows average SNAP participation at 45.8 million Americans receiving food stamps in 2015.
(Read more at MRCtv)
For 45.8 million Americans to have to depend on food stamps, the Obama years were not progress.
Under Trump, Food Stamp Applications Fall, Entertainment Spending Rises
According to a 31 August 2017 Washington Post article, Trump’s economy has two strong indicators of improvement.
Forget the soaring stock market. Here’s the real evidence the U.S. economy is getting better: Food stamp usage is down, and spending on entertainment — everything from Netflix to Disney World trips — is up.
The average American household now spends more than $2,900 a year, a record high, on entertainment, according to data released Tuesday by the Labor Department. That’s a good sign the middle class is feeling better about how much money is in their piggy banks.
At the same time, the number of Americans on food stamps is dropping rapidly, according to the latest report from on the U.S. Department of Agriculture, an indication the poor are finally seeing some benefits of the recovery too.
Food stamp usage spiked after the Great Recession when many Americans couldn’t find jobs and struggled to eat. Nearly 48 million people relied on the Supplemental Nutrition Assistance Program (SNAP) in 2013, an all-time high. Since then, businesses have gone on a hiring spree. As more people get jobs, they are dropping out of SNAP, which is exactly what is supposed to happen.
There were 41.5 million people on food stamps in May, the latest month that data is available.
“SNAP is a program that is designed to help people get through difficult times when they are not working,” says Robert Doar, a senior fellow at the right-leaning American Enterprise Institute and former head of New York City’s public assistance programs, including food stamps, for Mayor Michael Bloomberg. “It’s taken a long time, but more people are working now.”
The number of Americans relying on food stamps is still far higher than before the recession, when fewer than 30 million people were on SNAP. But it’s now at the lowest level since 2010, and the decline has been accelerating in recent months. Two million people left the program in the past year alone.
“In almost every state, a smaller share of the population received SNAP in January 2017 than four years earlier,” wrote Brynne Keith-Jennings, a SNAP expert at the left-leaning Center on Budget and Policy Priorities in a recent report.
(Read more at Washington Post)
While Trump has brought progress, we need his tax policy to really cement the record.