If you live in Oklahoma, congratulations, you have made it to Tax Freedom Day! From January 1 until today, every penny you have made goes toward your federal, state and local taxes. This year’s Tax Freedom Day in Oklahoma comes five days later than last year. Americans will pay approximately $3 trillion to the federal government this year and an additional $1.5 trillion to state and local governments. I’m sure every penny of our tax dollars will be spent wisely and not wasted.
If you do not live in New York, New Jersey or Connecticut, be glad. Tax Freedom Day in those states doesn’t come until May. And congratulations to Louisiana for having the only Tax Freedom Day that comes in March.
The Tax Foundation in Washington, D.C. has more analysis on their website and some interesting historical facts about Tax Freedom Day.