” The day when the nation collectively has made enough money to pay its total tax burden for the year is three days later this year, according to a new report.
According to a report released Monday by the Tax Foundation, this year Tax Freedom Day falls 111 days into 2014, on April 21.
By April 21, to group says, Americans will have made enough to pay the $3 trillion in federal taxes and $1.5 trillion in state taxes — more than they will spend on food clothing and housing combined.”
Bear in mind that that is the national average . If you live in a high tax state you could be a government slave for an additional couple of weeks before you “earn” anything for yourself and your family …
” If further broken down by state, residents of high tax states would see their Tax Freedom Day later than residents of lower tax states.
“This means a combination of higher-income and higher-tax states celebrate Tax Freedom Day later: Connecticut (May 9), New Jersey (May 9), and New York (May 4),” the authors write.”