Tax Freedom Day comes late in 2015 as Americans spend more on taxes than basic necessities

watchdog.org ^ | Karen Beseth

[BenLurkin]

For 2015, American taxpayers will have to work nearly a third of the year before they’ve made enough money to pay their taxes, a new report from the Tax Foundation finds.

Every year the Tax Foundation studies tax data to calculate how long Americans work to pay federal, state and local taxes. The result is Tax Freedom Day, which is the day taxpayers finally begin working for themselves instead of the government.

As the Tax Foundation explains, “Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. Tax Freedom Day takes all federal, state, and local taxes and divides them by the nation’s income.”

This year Americans will have worked on average from January 1 until April 24 to pay their taxes. In some states, Tax Freedom Day comes even later. In Connecticut and New Jersey, taxpayers work until May 13 to pay for the cost of government. In New York, the day arrives on May 8.

Louisiana has the earliest Tax Freedom Day on April 2, followed closely by Mississippi on April 4 and South Dakota on April 8.

See the map below to find out when your state will celebrate Tax Freedom Day this year.

[BenLurkin]

[ProtectOurFreedom]

They should revise this calc to measure Government Oppression Creedom Date determined by when the nation has earned enough to pay for TOTAL government spending including unfunded deficits. The day would probably be in August.

[Freedom_Is_Not_Free]

This articly only applies to the half of Americans who pay taxes. So, half of Americans have to work for a third of the year to pay taxes. The other half don’t work or work under the table.

[QT3.14]

[Organic Panic]

If you have two pennies to rub together you aren’t paying enough taxes. Pay your fair share.

Barry Obama