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View Full Version : Deficit Adjusted Tax Freedom Day: Monday 5/17




Krugerrand
05-14-2010, 07:36 AM
http://www.taxfoundation.org/taxfreedomday/

Tax Freedom Day will arrive on April 9 this year, the 99th day of 2010, according to our annual calculation using the latest government data on income and taxes. Americans will work well over three months of the year—from January 1 to April 9—before they have earned enough money to pay this year's tax obligations at the federal, state and local levels.
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Tax Freedom Day does not count the deficit even though deficits must eventually be financed. Since 1948, when Tax Freedom Day was first calculated, the difference between what governments are spending and what they're collecting has never been as great as during 2009 and 2010. If Americans were required to pay for all government spending this year, including the $1.3 trillion federal budget deficit, they would be working until May 17 before they had earned enough to pay their taxes—an additional 38 days of work.

We should keep an eye on when these days happen next year and use that for some sort of major money bomb, protest, whatever.

Mahkato
05-14-2010, 07:37 AM
So when is Regulation Freedom Day?

TonySutton
05-14-2010, 07:40 AM
Unfortunately nearly 50% of the people do not pay federal income tax so they do not care... :(