Tuesday, November 24, 2009

Guess Who's Coming to Thanksgiving Dinner? Uncle Sam


As you finalize your Thanksgiving plans, be sure to reserve a seat at your table for an extra guest: Uncle Sam.

Have you ever asked yourself how much of the cost of your Thanksgiving feast is owed to the fact that the government takes a big bite at it in hidden taxes?

The Americans for Tax Reform Foundation and the Center for Fiscal Accountability have calculated just how big that government “tax bite” for Thanksgiving is, and it clocks in at a whopping 40.91 percent.