Thursday, March 29, 2007

Tax Freedom Day Soon

Next month, April 30 to be precise, is Tax Freedom Day in the US- that is, it's the day whereby if you worked seven days a week and spent none of the money you earned on anything but taxes, your yearly tax bill would be paid in full. When put in these terms it certainly seems that Bush's tax cuts were a drop in the ocean and that there's a real need for more reductions in taxation. Simply put, the government takes four months worth of your pay check.

Doesn't sound good does it?

It's worse than that in some states and better in others. Alabama and Oklahoma citizens will have paid their taxes by April 12. If you live in New York you have to work all the way through to May 16. If you live in Connecticut, it takes until May 20.

No comments: