Are you aware of just how much in taxes you are paying? Sure, when you look at your tax return each year, you see the numbers, right there in black and white. But I rarely meet someone who truly understands the significance of your annual Tax Bill.
Well here are the numbers. And it ain’t pretty. The following is a chart that tells how much the average family spends on various consumer categories -- as a percentage of income. It’s not just how much you spend on taxes that is important, it’s how much you spend on taxes as compared to all other major categories of spending!