Tax Freedom Day is One Day Later This Year


Via WebCPA

Each year, the Tax Foundation calculates the date of “Tax Freedom Day” by taking the official government figure of total tax collections and dividing it by the nation’s total income.  The resulting percentage is multiplied by the numbers of days in the year to determine how much time taxpayers spend working to pay the tax obligations of our governments.  Taxpayers have to work one day longer to cover those obligations this year.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: