When taxes are lowered and Americans have more money in their hands, lower and average bracket income makers will spend it on retail, vacationing, autos, electronics, etc. and higher bracket income makers will reinvest it into creating new businesses and spending even more.
Forbes has reported these statistics on average expenditures for the entire American population. Average annual expenditures Poorest 20%: $17,837
Middle 20%: $36,980
Richest 20%: $83,710
The average American household spends $43,395 a year.
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