Happy Tax Freedom Day!
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FacebookIt’s now past 5PM on April 30th. According to the Tax Foundation, that means that the average American has now made enough money in 2007 to cover their total tax burden (federal, state and local) for the year. For the record, Tax Freedom Day came two days later this year than last year. For a historical look at the date of Tax Freedom Day, see the following graph from the Tax Foundation.
Published on April 30th, 2007 - 6 Comments
Filed under: Taxes
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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6 Responses to “Happy Tax Freedom Day!”
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April 30th, 2007 at 7:19 pm
Looks like we are due for another recession.
May 1st, 2007 at 11:15 am
It’s amazing how much money goes to taxes. Now to start working on paying for the mortgage
May 1st, 2007 at 1:43 pm
Some pretty wild swings recently.
May 3rd, 2007 at 1:57 pm
I hear they are now starting to tax on baby bonus that is paid out.. they want everything but blood