It will take you 111 days this year just to pay off the government... According to the Tax Foundation, a non-profit which compiles detailed tax statistics, it will take 111 days this year for American workers to collectively pay their tax bills. That means that every cent you earn throughout those first 111 days of the year gets collected and consumed by government. The Tax Foundation pegs Tax Freedom Day — the day on which the money you earn effectively belongs to you rather than America’s governmental bureaucracy — as April 21 this year. So as you sign your tax returns today, you can rest easy knowing that you’ll still need to work another 6 days before the American tax leviathan will be satisfied.
Posted on: Tue, 15 Apr 2014 18:04:20 +0000
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