” Each July Fourth, Americans celebrate their freedom, the result of a revolution over “taxation without representation.” This month, we celebrate another type of freedom – from our own tax man. It turns out that taxation with representation is no picnic either.
According to the Tax Foundation, Tax Freedom Day – the day on which the average American has earned enough money to pay off his federal, state, and local tax bills for the year – occurs on Thursday. In 2013, the average American had to give up all of his earnings from Jan. 1 through Feb. 6 to pay his state and local taxes. He then had to work from Feb. 7 through April 18 to cover his federal tax bill. On average, each of us will work 108 days this year only to pay taxes, and we’ll spend more, shockingly, on taxes than on food, housing, and clothing combined. This is what government costs.
The earliest Tax Freedom Day has ever fallen was Jan. 22. That was in 1900, when Americans paid less than 6 percent of their income in taxes, as opposed to almost 30 percent today. Of course, the government provides a lot more services today, and therein lies the rub. Politicians want us to think of government as Santa Claus – a jolly fat man with unlimited resources that it hands out to good little boys and girls. Like Santa himself, this is a myth, and it is time we all grew up and realized it.
The government has no money. Every single dollar our governments – federal, state, and local – spend comes from the people. In essence, the government forces people to spend money on things they would not have bought voluntarily, and that we, very obviously, cannot even afford. The current generation is already taxed at a high rate, and future generations will be taxed even more heavily to pay off the massive debt the government is accruing.”