FYI:This year, National Tax Freedom Day falls on April 24, or 114 days into the year.
So you still have 9 days more (on average) to pay off Uncle Sam for THIS year. 🙂
3 Years ago it was April 13th. 🙂
But it varies by state.
Arizona is April 11th.
It takes you more than 100 days this year before the money you earn is truly yours. That’s roughly a third of your income every year that never makes it into your pocket. In fact, you’re likely spending more on taxes than you will on food, clothing, and housing — combined.
The earliest Tax Freedom Day is in Louisiana, where taxpayers are liberated after April 2. Connecticut residents aren’t done working to pay their taxes until May 13.
Americans are expected to pay a total of $4.85 trillion in taxes in 2015 — $350 billion more than last year. About $1.5 trillion is divvied up among local governments and the 50 states. Washington gets the other $3.3 trillion — the most ever collected by the IRS.
But yet they managed to spend it all, and more.
So don’t worry, when in Debt, SPEND EVEN MORE!