Tax Freedom Day

jwd · #1 04-06-2004, 10:38 PM

My tax free day(by my home state)was yesterday. To think that I've worked up to today to pay my taxes is mind boggling. And this is one of the best in many years. WOW!

http://www.taxfoundation.org/taxfreedomday.html)

Sugar · #2 04-07-2004, 07:38 AM

WOW is right! Is this based on only federal taxes, because mine was the 6th, which is supposed to be an improvement, and I'm actually paying a little more this year than last year.

jwd · #3 04-07-2004, 08:31 AM

Quote:

Sugar:

WOW is right! Is this based on only federal taxes, because mine was the 6th, which is supposed to be an improvement, and I'm actually paying a little more this year than last year.

"What is Tax Freedom Day?
Tax Freedom Day is the day when Americans will finally have earned enough money to pay off their total tax bill for the year. Every dollar that’s officially called income by the government is counted, and every payment to the government that is officially considered a tax is counted. Taxes at all levels of government are included, whether levied by Uncle Sam or state and local governments.

Tax Freedom Day gives Americans an easy way to gauge the overall tax take, a task that can be quite daunting due to the multiplicity of taxes at each level of government, especially the "hidden" taxes and fees that are often buried in the cost of living. In effect, Tax Freedom Day provides taxpayers with a tax barometer that measures the total tax burden over time and by state."