Are you familiar with Tax Freedom Day? No, it isn’t the day after April 15th. According to the Tax Foundation, it’s the day of the year when the average American has earned enough money to pay for all the income taxes they will accumulate throughout the rest of the year. In 2016, that day will fall on April 24th. Or put another way, if you work during all 52 weeks of the year, more than 16 weeks of your labor are going to the IRS.
According to the Tax Foundation’s annual report, Americans are going to spend a total of $5 trillion on federal, state, and local taxes this year, which amounts to about 31% of our nation’s income. That’s almost $1 trillion more than we spend on food, clothing, and housing put together.
Tax Freedom Day happens to fall one day earlier this year than it did last year, but when you consider our government’s deficit spending, the day lands on May 10th. It also varies from state to state. Tax Freedom Day falls on May 21st in Connecticut, but arrives as soon as April 5th in Missouri.
Historically speaking, we’re paying way more than our parents and grandparents did. A hundred years ago Tax Freedom Day was in late January. While most Americans will complain about how much they’ll have to fork over on April 15th, they largely have no concept of how much they are paying in a historical context. And to think our ancestors revolted against the British Crown when 1-2 percent of their income was taxed.
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Also Read:
A Very Brief History of Taxation in America
The Panama Papers Reveal The “Big Global Problem”
Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger.
It feels good to pay for bank bailouts, corporate welfare, drone striking children in Pakistan, a worthless fighter jet, Obama’s seventy four million on vacations. The list goes on and on…
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This wouldn’t be the case had the constitutional framers (like their 17th-century Christian Colonial predecessors) established a biblical government based upon Yahweh’s moral laws, including His taxing laws.
See online Chapter 22 “Amendment 15: Graduated Income Tax vs. Flat Increase Tax” of “Bible Law vs. the United States Constitution: The Christian Perspective.” Click on my picture, then our website. Go to our Online Books page, click on the top entry, and scroll down to Chapter 25.
Another stupid comment by a stupid man with a stupid idea.
He doesn’t like the U.S. Constitution because he wants us under a dictatorship and it is an obstacle to his dream.
Because the people don’t comprehend how the system really works. Too bad it does not support God instead of itself. And shame on the ‘Christian’ labels who reject there is anything illicit with it.
I’m a non-taxpayer, as it applies to the “income tax”. 26 USC 83.