
“Tax Freedom Day is the day that ‘the nation as a whole has earned enough money to pay its total tax bill for the year.’ National Tax Freedom Day comes just a few days behind our deadline to pay up, with the exception of Texas, where residents have a lower average state and local tax burden. Tax Freedom Day for Texans began on April 10. On average, Americans nationwide will work 40 days just to pay their income tax, another 25 days for payroll taxes, 15 days for excise taxes, and 12 days for property taxes. Overall, Americans will spend more on taxes than on food, housing, and clothing combined this year.”
http://www.independent.org/newsroom/article.asp?id=3593
Related posts:
It’s Up to You, Entrepreneurs: Brad Feld on the Rise of Global Startup Communities
What’s the greatest deception of our time?
Bill Bonner: Price does not tell you all you need to know
The State, Not Manning, is the Criminal
Last Exit Coming Up
James Bovard: Obama, NSA, Gulf of Tonkin, & Governing as Lying
Are You Already in Jail?
Trick or Treat: Is Trump a Blessing or a Curse to the Deep State?
Bill Bonner: American grifters
Mises on the Robotics Revolution
Has your life been stolen from you by the IRS?
Bitcoin Is Not Surging, 'Going Ballistic' Or 'Going On An Astronomical Tear'
Uncle Sam, the Bitcoin Mogul
Should Americans Emigrate Or Defect?
Bill Bonner: A New Manifesto for Building Wealth