Tuesday, November 24, 2009

Guess Who's Coming to Your Thanksgiving Dinner?

According to the American Farm Bureau Federation, the average cost for a Thanksgiving feast for ten lies at $42.91 in 2009. The menu items for a classic Thanksgiving dinner used for their survey include turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream, and beverages of coffee and milk. Of that, of course, the turkey is the largest cost factor at an average price of $18.65 for a 16-pound bird. Because Thanksgiving is a celebration, for our calculations, we also factored in five bottles of wine at an average price of $7.35, which brings the total cost of the average Thanksgiving feast to $79.67.

But not all of that reflects the actual cost of your meal – a large chunk of it is taken by the government in some form or another:

On top of the direct excise taxes on the wine, there are taxes paid by the farmers, winemakers, manufacturers, wholesalers, distributors and shippers, retailers, warehouses. To be more specific, out of what the consumer pays, the producers and sellers must pay federal income taxes, state income taxes, federal payroll taxes, unemployment insurance taxes, workmen’s compensation taxes, state franchise taxes, local property taxes and any local income taxes. All told, for a Thanksgiving feast for a family of ten, the government takes a bite of 40.91%, or $32.59.

~Americans for Tax Reform


At 11/24/2009 3:47 PM, Anonymous Anonymous said...

Most of the money collected is to support farm subsidies.

If we didn't collect it in wine, are you willing to have it collected in income taxes.

And, if you tally taxes this way (income taxes based on all in the distribution chain) you would have a hard time explaining why government costs less than 20-22% of GDP and has for over 50 years. http://www.comstockfunds.com/files/NLPP00000/424.pdf

No wonder famers have a tough time--they get fed bull.

At 11/24/2009 4:09 PM, Anonymous Anonymous said...

You also forgot to include how much the family has to make before state/federal income taxes in order to be left with the money to buy the stuff.

At 11/24/2009 4:37 PM, Blogger misterjosh said...

Sounds like we already HAVE a VAT.

Where's the breakdown? I'd guess the wine was thrown in there just to make for a more dramatic number.

At 11/24/2009 5:04 PM, Anonymous Benny Truthman said...

More than one-half of federal income taxes are consumed by the Department of Defense, the Department of Agriculture and the VA. (The large entitlement programs, SS and Medicare, are funded by payroll taxes.)

You want lower incomes taxes? Start cutting outlays. I gave you a clue where to start.

At 11/24/2009 7:13 PM, Anonymous Anonymous said...

I just love how the Tax Foundation, the source of this article, misleads the Turkeys.

The OECD came out with a report today on taxes as a percent of GDP. We're below Ireland, Japan, Slovakia and Switzerland. http://economix.blogs.nytimes.com/2009/11/24/the-tax-burden-around-the-developed-world/

But, we have the largest military spending of all the countries above us.

Go figure. Lower taxes, higher military. Whoopeee.

At 11/24/2009 8:30 PM, Blogger juandos said...

"More than one-half of federal income taxes are consumed by the Department of Defense"...

Well I see that pseudo Benny thinks that repeating a lie will make it somehow morph into a fact...

Don't let the fact that Uncle Sam is wasting about 64 cents of every extorted tax dollar (pie charts on page 37) on Constitutionally questionable spending get in the way of your rant...

Good man!

"Go figure. Lower taxes, higher military. Whoopeee"...

So anon @ 11/24/2009 7:13 PM I guess you're packing your bags to move to Ireland, Japan, Slovakia or Switzerland, right?

At 11/24/2009 8:53 PM, Blogger W.E. Heasley said...

The picture is classic Political-Economy. Uncle Sam demands a place at the dinner table.

All Perry did was pick a source that measured the concept of “demands a place at the dinner table” in terms of taxation.

Perfectly good measurement.

At 11/24/2009 8:54 PM, Anonymous Benny Truthman said...


Federal outlays by agency, 2008

DoD: $583 b
DoAgri: 94.8
VA: 86.6
Homeland Sec: 42.3
Civilian Defense: 49.1

Total: 855.8 billion

Total federal income and corporate tax receipts $1,565.

Therefore, more than one-half of federal income taxes collected are spent on the above agencies or programs.

Social Security and Medicare are huge, should be cut back, but they are funded by payroll taxes.

If you want to whack federal spending financed by income taxes, and I do, we have to start with slaying the biggest hogs at the trough.

You know where to start--our Founding Fathers, especially Georhe Mason (and Dr. Perry went to Mason) would detest a permanently mobilized, mercenary federal military.

I do too.
More right-wingers are beginning to realize this. Pat Buchanan and Ron Paul come to mind. You should join us.

At 11/25/2009 5:01 PM, Blogger juandos said...

Hey pseudo Benny, I liked the link to your stuff or did you make it up as you went along?

"More right-wingers are beginning to realize this. Pat Buchanan and Ron Paul come to mind"...

Join this cabal of clowns?!?!

Not in this or any other lifetime...


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