When one combines Federal and State taxes on a national scale, the Tax Foundation has calculated that Americans spend more on taxes than food, clothing and shelter combined. This analysis doesn’t include other taxes, such as gasoline or sales. If we were to add up *all* the hidden taxes that we pay, plus the other taxes and fees that the various levels of government assess, I suspect we’d be at 50% or more of our annual gross income.
How much more can we, as a nation, pay in taxes? We have a political class that is very comfortable with deficit spending and keeping the entitlement state going. This can’t go on forever. At some point, these high taxes and high debts will combine to impoverish our nation. While I can’t predict when this will happen, I can assure you that it will happen.