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Washington, DC 20001

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Blog

It's Tax Freedom Day!

Suppose that officials from federal, state, and local governments developed a new system of collecting revenue at the beginning of the year. Instead of taking portions from each American’s paycheck throughout the year, they decided to take every cent Americans earned from January 1st until the day that all revenue had been collected for the year.

04/24/2015
Tax Freedom Day: April 12
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Blog

Tax Freedom Day: April 12

According to the Tax Foundation, today marks Tax Freedom Day 2011. This means that Americans have worked over three months, from January 1st to April 12th, before they have earned enough money to solely pay off their total tax bill at the federal, state and local levels. We are required to work 102 days or 28 percent of the year for the government while having the remainder of the year to pay for all our necessities.

04/12/2011