Cost Of Government

Americans Spent More on Taxes in 2018 Than on Food, Clothing and Health Care, Electricity and Telephone Services Combined!

This news report from P. Jeffrey at CNS News showed up that said Americans on average spent more on taxes in 2018 than they did on the basic necessities of food, clothing and health care combined, according to the Bureau of Labor Statistics Consumer Expenditure Survey.

This “include families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share major expenses.”

According to the Bureau of Labor Statistics American consumer units spent an average of $9,031.93 on federal income taxes; $5,023.73 on Social Security taxes (which the table calls “deductions”); $2,284.62 on state and local income taxes; $2,199.80 on property taxes; and $77.85 on what BLS calls “other taxes.”

These combined payments for those five categories of taxes was $18,617.93.

At the same time the average American consumer was spending $7,923.19 on food; $4,968.44 on health care; and $1,866.48 on “apparel and services.” These combined expenditures equaled $14,758.11.

Also the average consumer unit paid in 2018 for electricity ($1,496.14) and telephone services ($1,407.36) combined total $2,903.50 and when added for food, clothing, health care, electricity and telephone services total $17,661.62

All TOTAL Americans on average paid more in taxes last year than they paid for food, clothing, health care, electricity and telephone services combined!

Question that P. Jeffrey at CNS News raises, is the government worth that much? Might they do something to rein in expenditures?

We specialize in one area of appeal that can help you lower your overhead, namely property taxes. This is a big chunk of taxes for homeowners. Accordingly, we’ve uncovered a 40% + nationwide property tax over-assessment as well as a high  error rate. The over-assessed need help.

• The National Taxpayers Union writes that as many as 60% of all homeowners are over-assessed and not in line with their home value.
• Consumer Reports has published that property tax records show an error rate of 40% exists in estimating property taxes. 
• 48% Of All NJ Homeowners are Over-Assessed  (data obtained from the MOD4 and SR1A files maintained by New Jersey County Assessors). 

Most homeowners and businesses are too busy with the mechanics and duties of daily life to appeal.

If you have rental properties, need to reduce over assessments on your own property, help businesses and potential clients lower those overhead expenses we can give you that expertise. Note that reduced assessments rollover year after year.

The likelihood of an over-assessment for your home, business or for a client is real. This is a real business. And yes, you can make a boatload of money helping others.

Lower Yours or a Client’s Property Tax!Earn Fees with Your First Client – Get Access Here: https://propertytaxconsult.com