Posted on 04/07/2014 8:41:24 PM PDT by Errant
The day when the nation collectively has made enough money to pay its total tax burden for the year is three days later this year, according to a new report.
According to a report released Monday by the Tax Foundation, this year Tax Freedom Day falls 111 days into 2014, on April 21.
By April 21, to group says, Americans will have made enough to pay the $3 trillion in federal taxes and $1.5 trillion in state taxes — more than they will spend on food clothing and housing combined.
Tax Freedom Day is later than it was last year, due in large part to the slow economic recovery, the tax policy research group argues.
“Tax Freedom Day is three days later than last year due mainly to the country’s continued slow economic recovery, which is expected to boost tax revenue especially from the corporate, payroll, and individual income tax,” authors Kyle Pomerleau and Lyman Stone write.
If federal borrowing is included, the group calculated that Tax Freedom Day would fall 15 days later on May 6.
(Excerpt) Read more at dailycaller.com ...
And it may not even happen at all next year . . .
PING.
One is never free of taxes.
Peeps in limbo between Employment and the SS Gov't Dole are FREE every day to work for them selves w/o having to pay the go'vt any marginal rate for the privilege.
Paladin2 is absolutely correct, there is no tax freedom. In fact I believe we are just living an illusion of Liberty. Momentum does not favor a reversal of our coming desolation. I doubt there will be enough force even if there is a victory in 2014. The Tea Party is almost neutralized and devolving to a fund raising activity for profit. The fund raisers for fee have gotten their hooks into it.
He is also right that there are many who have their base / overhead cost paid by us and if they work it is all FREE to them. Free of any taxation at all. They steal twice from us.
A very few kids are figuring out that they will never be free again. Not enough of them though. A lot more are figuring that working is for chumps.
This from the Tax Foundation is also horeshit: “Tax Freedom Day is later than it was last year, due in large part to the slow economic recovery, the tax policy research group argues.”
TAX FREEDOM DAY IS LATER BECAUSE THE FLIPPIN’ TAXES ARE HIGHER!
DOLTS!
If you include self-employment taxes, state income taxes, sales taxes, other taxes on products like gasoline, telecommunications, healthcare, and other government fees and etc. added to the average income tax we pay, it’s more likely we work six months out of a year to pay our darn taxes now.
If the Government provides your living then Tax Freedom day falls on Jan. 1st..
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.