If you're like me, you're spending most of the next couple of days surrounded by turkey, family, football – and if you're lucky, pie.
You're probably not thinking about taxes. But tax geeks like me are.
- This year, Convey figures that the average Thanksgiving dinner, including beer, wine, travel and food, costs Americans $3.6 billion in Thanksgiving taxes.
- Taxes account for more than one-third of the expenses associated with Thanksgiving. The total cost for a ten person meal works out to be $49.20 – up nearly $6.00 from last year. Of that amount, the government takes a whopping $13.68. So, despite Aunt Matilda's deathly boring speeches and Cousin Raul's unfortunate dribbling issue, it's Uncle Sam who's the real spoiler.
You can see Convey's nifty infographic here.
But don't let the tax picture leave a bad taste in your mouth. Enjoy the day. Wishing you and yours a Happy Thanksgiving!
- KEEP US IN MIND WHEN THINKING ABOUT YOU AND YOUR FAMILIES TAX FILING PLANS THIS YEAR.
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