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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Comment by Blaine Moore — Apr 30th 2007 @ 7:19 pmIt’s amazing how much money goes to taxes. Now to start working on paying for the mortgage
Comment by saving advice — May 1st 2007 @ 11:15 amSome pretty wild swings recently.
Comment by KMC — May 1st 2007 @ 1:43 pmI hear they are now starting to tax on baby bonus that is paid out.. they want everything but blood
Comment by Creditnine.com — May 3rd 2007 @ 1:57 pm