Posted on 05/01/2007 7:17:19 PM PDT by Kitten Festival
Taxes: Resting easier now that filing day is over? That would be premature. Today — Tuesday, May 1 — is when we're really free of taxes. But not for another year, just another eight months.
According to the Tax Foundation, a Washington-based research group, it was not until Monday, April 30, that Americans had "earned enough money to pay this year's tax obligations at the federal, state and local levels."
For those keeping score, that's 120 working days, even with the tax cuts pushed through by the Bush administration. The federal government's tax bill alone requires 79 days, making it the single largest expense for the average American family.
(Excerpt) Read more at ibdeditorials.com ...
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