TAX FREEDOM DAY—
Monday, April 30th was Tax Freedom Day in the US of A.
The average taxpayer in this country works from January 1st to Tax Freedom Day just to pay his or her federal, state and local taxes.
According to the Tax Foundation (www.taxfoundation.org) “Tax Freedom Day is calculated by dividing the official government tally of all taxes collected in each year by the official government tally of all income earned in each year.”
This date was May 5th in 2000 then dropped to April 18th in 2003 due to reductions in our federal income tax. It has climbed steadily since then.
The average American worked 79 days in 2007 just to pay his or her federal taxes. State and local taxes combined are about one half that burden; forcing us to work 41 days to pay them.
Connecticut is the worst state in the union. There you have to work until May 20th just to pay your taxes. The least burdensome is Oklahoma on April 12th. Ohio ranks smack in the middle.
Isn’t that comforting!
Monday, April 30th was Tax Freedom Day in the US of A.
The average taxpayer in this country works from January 1st to Tax Freedom Day just to pay his or her federal, state and local taxes.
According to the Tax Foundation (www.taxfoundation.org) “Tax Freedom Day is calculated by dividing the official government tally of all taxes collected in each year by the official government tally of all income earned in each year.”
This date was May 5th in 2000 then dropped to April 18th in 2003 due to reductions in our federal income tax. It has climbed steadily since then.
The average American worked 79 days in 2007 just to pay his or her federal taxes. State and local taxes combined are about one half that burden; forcing us to work 41 days to pay them.
Connecticut is the worst state in the union. There you have to work until May 20th just to pay your taxes. The least burdensome is Oklahoma on April 12th. Ohio ranks smack in the middle.
Isn’t that comforting!
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