Happy National Tax Freedom Day!
http://www.taxfoundation.org/taxfreedomday/
Quote:
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Tax Freedom Day® answers the basic question, “What price is the nation paying for government?” An official government figure for total tax collections is divided by the nation’s total income. The answer this year is that taxes will amount to 30.8 percent of our income, and the stretch of 113 days from January 1 to April 23 is 30.8 percent of the year. Income and tax data are then parsed out to the states, yielding 50 state-specific Tax Freedom Days.
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Here in California, our day will be April 30. For Massachusetts, it's April 28. Connecticut residents won't get to celebrate until May 8. Alaska celebrated last month, on March 29.
04-23-2008, 06:54 PM
