Sunday, July 22, 2007

TAX FREEDOM DAY—

That day—the last day we have to work each year just to pay our tax obligations—occurred on April 30 this year according to The Tax Foundation.

Looked at another way that means wage earners, on average, pay exactly 1/3 of their earnings in this country in some form of governmental taxation.

This date is calculated by The Foundation 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.

Regardless, doesn’t it just grind you that the average person works four months each year just to pay Uncle Sam and his cohorts at the state and local level his annual tax bill.


Reminds me of the simplified tax form I saw once. It had two lines. The first asked, “How much did you earn last year?” The second said, “Pay it.”

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