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Tax Freedom Day Arrives on April 26th, 2006 (2006-04-17)

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marotta
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Tax Freedom Day Arrives on April 26th, 2006 (2006-04-17)  Reply with quote  

Tax Freedom Day Arrives on April 26th, 2006 (2006-04-17)

by David John Marotta

Tax Freedom Day arrives on Wednesday, April 26th this year. Thatís when we stop working for the government and start working for ourselves. For the average worker, all of the earnings of the first 116 days go to pay taxes to the federal, state and local governments. Starting April 27th, we are free -- at last -- to take care of our own familyís needs.

Read the complete column at http://www.emarotta.com/article.php?ID=174

David John Marotta
Marotta Asset Management, Inc.
Fee-only Financial Planning
http://www.emarotta.com
Post Mon Apr 17, 2006 4:10 pm
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coaster
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Is this getting earlier? (I hope?) Seems to me some years ago it used to be sometime in May.

~Tim~
Post Mon Apr 17, 2006 4:41 pm
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go2self
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Coaster, indeed it was in May not 2 many years ago.
From the article above
"The 2006 report, published this month by the non-partisan Tax Foundation of Washington, D.C., chronicles America's tax burden. According to the report, the federal tax burden has been reduced by seven days since the end of the Clinton administration when Tax Freedom Day did not arrive until May 3rd. During the Clinton years (1992-2000), the tax burden grew sharply by 12 days despite Clintonís promise that "the era of big government is over.""

Yay

Time is our most volatile resource that if not used immediately is lost instantly
Post Mon Aug 07, 2006 3:39 am
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lpstong
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Thanks for the reminder of Tax Freedom Day. I never thought of it this way that the "first 116 days go to pay taxes to the federal, state and local governments." I know the day will change each year. But atleast I know it is the fist 116 days that goes to Uncle Sam.

Thats comes out to almost 1/3 of my work year. And considering I get vacation time, comp time and sick leave. Boy it sure seems like a big chunk of my check each week.
Post Mon Aug 21, 2006 9:01 pm
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