Taxes were Americans’ Biggest Expense Last Year

The Heresy Financial Podcast - A podcast by Joseph Brown

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What is your biggest expense in your budget? Do you think it might be food? Do you think it might be gas? Do you think it might be clothes? Well, for the average American, last year in 2021, the biggest line-item expense on their budget was taxes. Americans had to give more money to the American government than they spent on necessities like food, energy, and clothing. And here is the kicker, it was not just a little bit bigger than any one of those categories. Americans spent more on taxes than on all those categories combined. The American government is a giant tumor on the backs of middle-class Americans, and it is draining them of their resources.