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.
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