REI WEALTH MONTHLY Issue 31 - Page 25

TOP 5 MISTAKES THAT MAY BE COSTING YOU MONEY AMANDA HAN & MATTHEW MACFARLAND ould you be shocked to learn that the average American “spends” more money on taxes than they spend on food, clothing, and shelter combined? Unfortunately, this is a true statement. When you add up federal income taxes, state income taxes, city taxes, property taxes, sales taxes, and other various taxes we all pay, it is no wonder that taxes are one of our biggest expenses each year.