“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:
Free Staters Tell Concord Police: Tanks, But No Tanks
Bob Murphy: The Myth of Wartime Prosperity
Detlev Schlichter: Good riddance to deposit ‘insurance’
Bill Bonner: Capitalism and Sex Slavery
Gupta Mea Culpa
The cops are a dangerous replacement for private gun ownership
The future of work: on to a freelance model?
The Disturbing Truth Behind Your Next Income Tax Return
Ladar Levison's Lesson
Mike Gogulski: We Need Freedom of Speech in our Financial Commerce
Charles Goyette: Government vs. Prosperity (Chapter 1, Abridged)
How to offshore your credit card with China’s Unionpay
Could the Government Force You to Tell Your Deepest Darkest Secrets?
California Leads Nation with Sound Money — in 1865 [2010]
Government Ban On Bitcoin Would Fail Miserably