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Tax Freedom Day

Residents of Florida and Oregon can breathe easier today. Yes, today is Income Tax Day, but for Floridians and Oregonians it is also Tax Freedom Day. As calculated by the Tax Foundation in Washington, D.C., every penny Floridians and Oregonians have made so far this year will go toward paying local, state and federal taxes. Today you lucky Floridians and Oregonians begin to work for yourselves instead of your governments.

National Tax Freedom Day is April 18th. According to the Tax Foundation, in 2013 Americans will pay $2.76 trillion in federal taxes and $1.45 trillion in state taxes, for a total tax bill of $4.22 trillion or 29.4% of income. Their full report is available here.

This is the map from the Tax Foundation showing the Tax Freedom Day for all states. Louisiana and Mississippi are the only states with Tax Freedom Day in March. New Jersey, New York and Connecticut round out the bottom again this year with Tax […] → Keep reading

Today Is Tax Freedom Day In Oklahoma

If you live in Oklahoma, congratulations, you’ve made it to Tax Freedom Day. Every penny you’ve earned so far this year will go toward federal, state and local taxes. The national Tax Freedom Day is April 17.

The Tax Foundation in Washington, DC has more analysis on their website, including some interesting historical facts about Tax Freedom Day.

This is the map from the Tax Foundation showing the Tax Freedom Day for all states. Tennessee is the only state with a Tax Freedom Day in March. New Jersey, New York and Connecticut round out the bottom with Tax Freedom Days in May.