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Tax Freedom Day In Oklahoma

If you live in Oklahoma, congratulations, you have made it to Tax Freedom Day! From January 1st until today, every penny you have made goes toward your federal, state and local taxes. This year’s Tax Freedom Day in Oklahoma comes three days later than last year. Americans will pay approximately $3.3 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 Connecticut, New Jersey, New York, California, Massachusetts or Maryland, be glad. Tax Freedom Day in those states doesn’t come until May. The state to have the earliest Tax Freedom Day is Louisiana on April 2nd, but they’re also three days later than last year.

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


[…] → Keep reading

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