Tax Freedom Day®
Tax Freedom Day® is the day when the nation as a whole has earned enough money to pay off its total tax bill for the year. Tax Freedom Day provides Americans with an easy way to gauge the overall tax take-a task that can otherwise be daunting due to the multiplicity of taxes at various levels of government and "hidden" taxes and fees that are often buried in the cost of living (Read more about Tax Freedom Day). Tax Freedom Day computed by dividing total tax collections by the nation's income, as reported by the Bureau of Economic Analysis. Every dollar that is officially called income by the government is counted, and every payment that is officially considered a tax is counted. The resulting percentage is then converted into days of a 365-day calendar year.
Additional questions about Tax Freedom Day®? Contact us at (202) 464-6200.
Related Blog Entries
- If It's Good for Ghana, It's Good for the Gander, by Joseph Henchman, July 13, 2009
- Is the Tax System Progressive or Not?, by Gerald Prante, June 15, 2009
- More Cool Visualizations of Tax Freedom Day, by Matt Moon, May 6, 2009
- 4-D Animation of Tax Freedom Day by State, by Matt Moon, April 23, 2009
- Visualizing the Relationship Between Tax Freedom Day, Total Federal Spending and Deficit Spending, by Matt Moon, April 16, 2009
- And the [News] Beat Goes On: Another Sampling of Media Coverage From a Busy Tax Week, by Matt Moon, April 16, 2009
- CTJ Study on Progressivity Says CBPP Criticism of Tax Freedom Day is Wrong, by TF Staff, April 15, 2009
- New Podcast: Ari Fleischer - Reforming the Tax Code to Promote Economic Growth, Not Wealth Redistribution, by Matt Moon, April 15, 2009
- A Sampling of Tax Freedom Day Media Coverage, by Matt Moon, April 14, 2009
- Gov. Tim Pawlenty (R-MN) Mentions Tax Freedom Day on Weekly Republican Response, by Matt Moon, April 11, 2009
- Cool Interactive Infographic on Tax Freedom Day, by Matt Moon, April 7, 2009
- Tax Freedom Day® to Arrive April 13 in 2009, by TF Staff, March 31, 2009
- Tax Foundation in Last Week's Editorial Pages ... and the Best of the Blogosphere, by Matt Moon, January 26, 2009
- Best of the Blogosphere: Transit Agencies, Tax Freedom Day, Alcohol Taxes, and Tax Holidays vs. TARP, by Matt Moon, December 12, 2008
- Tax Foundation Among 20 Organizations to Follow on Twitter, and the Best of the Blogosphere, by Matt Moon, November 24, 2008
- Misuse of Tax Freedom Day by State, by Gerald Prante, August 13, 2008
- Happy Tax Freedom Day, Israel, by Scott A. Hodge, July 15, 2008
- Happy Tax Freedom Day, Czech Republic, by Scott A. Hodge, June 6, 2008
- Tax Freedom Day Finally Arrives in Connecticut, by Alicia Hansen, May 8, 2008
- Tax Freedom Day in the News, by Alicia Hansen, April 23, 2008
- Tax Freedom Day Makes Us Feel Like Singing: View the New Tax Freedom Day Video, by Alicia Hansen, April 22, 2008
- Tax Freedom Day Will Arrive on April 23 in 2008, by TF Staff, March 26, 2008
- Tax Freedom Day: A Different Kind of Labor Day, by Alicia Hansen, September 1, 2007
- Tax Freedom Day and Morality, by Curtis S. Dubay, May 2, 2007
