Sunday, September 2, 2007

So That's Where It All Goes!

Surprise! We pay a lot of taxes. Turns out that, for most Americans, taxes have been the biggest expenditure increase in the last 30 years.

Although income only rose 75%, and expenditures for the mortgage, car and health insurance rose by even less than that, the tax bill increased by $13,086 -- a whopping 140% increase. The percentage of family income dedicated to health insurance, mortgage and automobiles actually declined between the two periods.

Read the rest here


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