Monday, April 9, 2007

The 8-Hour Workday Divided Up

I thought it was interesting that in the 8 hours that we work in one day...more of it goes to taxes than anything else.

The following was taken directly from CNNMoney:

The Tax Foundation also compares the time Americans work to pay taxes with the time we work to pay for life's other expenses.

Based on an 8-hour workday, the research group estimates that Americans as a whole work:

  • 1 hour 43 minutes to pay all federal taxes (income, sales, etc.)
  • 1 hour 22 minutes to pay for housing and household operations
  • 1 hour 8 minutes to pay for health and medical care
  • 52 minutes to pay all state and local taxes (income, sales, etc.)
  • 51 minutes to pay "other" taxes
  • 40 minutes to pay for food
  • 39 minutes to pay for transportation
  • 28 minutes to pay for recreation
  • 17 minutes to pay for clothing