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Monday, April 21, 2014

When Is Your State’s ‘Tax Freedom’ Day?

Tax Day’s already come and gone, but for many Americans, April 21 marks a lesser-known — and likely more appreciated — “Tax Freedom Day.”

According to calculations from the D.C.-based Tax Foundation, April 21 is the day on the calendar when a typical worker will have earned enough to meet their anticipated annual income tax obligations to federal, state and local governments.

According to the Tax Foundation, federal income taxes eat up 33 days, taking the typical taxpayer from January into early February to earn enough to pay in full.
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