Well, On Wednesday, most of us will no longer be working for the government; it will only be for ourselves. Nice, huh? Oh, but the Brits don't get released until 26 June and the Canadians manage it on 25 June.
Here's a REPORT FROM THE TAX FOUNDATION.
Just what is tax freedom day? From the report: Tax Freedom Day is calculated by dividing the official government tally of all taxes collected in each year by the official government tally of all income earned in each year. Governments — federal, state and local — took 30.3% of income in 1980; 30.5% in 1990; 33.6% in 2000; and so on. This percentage is what is properly called the "nation’s total tax burden." We then use the historical trend and the most recent economic data to make a projection of what the tax burden will be in the current year.
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Note that in 1900, we were free on 11 January. Do we get that much more government services now, than then?
Here's a REPORT FROM THE TAX FOUNDATION.
Just what is tax freedom day? From the report: Tax Freedom Day is calculated by dividing the official government tally of all taxes collected in each year by the official government tally of all income earned in each year. Governments — federal, state and local — took 30.3% of income in 1980; 30.5% in 1990; 33.6% in 2000; and so on. This percentage is what is properly called the "nation’s total tax burden." We then use the historical trend and the most recent economic data to make a projection of what the tax burden will be in the current year.
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Note that in 1900, we were free on 11 January. Do we get that much more government services now, than then?