Trying to understand government spending in terms of hours of taxpayer work.
In other words trying to find average taxpayer hours worked to pay taxes, and use it to look at government spending in a different way, hourly cost,
Need help on this.
Money these days is a little numbing.
But every worker knows how long and hard they work for paycheck.
Tax freedom day was April 13 in 2013
Freeper help?
The simplest answer is, since we’re running a deficit, ALL of them.
Are you asking about how many hours the average worker has to work and pay federal withholding taxes from employment (W-2 wages) in order to fund the government in total (and FWIW, there aren’t enough of us working productively nor enough hours in the day in order to do that given that we run at a huge deficit) or are you asking how many hours on average, the average worker has to work and pay federal tax withholding until they reach their personal “break even” point, i.e. the point at which they have had enough withheld from wages in federal tax withholding for the year so far so they don’t owe taxes come April 15th – because they are two very different questions. And while “Tax freedom day” is based on broad averages based on average personal tax liabilities and withholdings, the actual “Tax freedom day” varies greatly from tax payer to tax payer. And this doesn’t take into account other federal revenues like corporate income taxes, capital gains taxes and estate taxes and other government non-wage taxes and fees, tarrifs, etc.