Skip to content

Tax Freedom Day – April 17, 2012

by on April 4, 2012

http://cnsnews.com/news/article/americans-must-work-until-april-17-year-just-pay-government

Each year, the Tax Foundation calculates “Tax Freedom Day.”  It determines this date by adding up all the taxes Americans pay to local, state and federal governments, then calculating what those taxes equal as a percentage of the total national income, and then convert that percentage into the equivalent number of days in a 365-day year (compensating for leap years to keep the date comparable for all years).  This year, government will tax away 29.2 percent of the nation’s total income. That means Americans must work from Jan. 1 until April 17 just to produce the income the government will take away.

 

From → Taxes

3 Comments
  1. Unknown's avatar
    Anonymous permalink

    If you’re a Cabinet nominee, then you don’t have to pay taxes!

  2. Unknown's avatar
    guitargod permalink

    looks like tax cheat timmys got a turbotax up his ass… the appointment of this parasite alone should justify impeachment!

  3. Unknown's avatar
    Anonymous permalink

    Oh… haha… I thought this was a tax-free shopping day!

Leave a reply to Anonymous Cancel reply