Taxgiving: How Thanksgiving Spending Fills Uncle Sam’s Pockets

Taxgiving: How Thanksgiving Spending Fills Uncle Sam’s Pockets

November 20, 2012, 2:13 pm EDT in Tax Tips

As you finalize your guest lists and menus for your Thanksgiving gatherings this year, be sure to reserve a seat for Uncle Sam. He should also be giving thanks at each and every American dinner table this week for the billions of dollars that will fill his pockets from taxes on Thanksgiving dinners. The IRS gets about 36 percent of the cost of total meal preparations, accounting for about $13.68 of the spending for a gathering of ten people.

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