Live in any of the following states, and you will be doing better than 80 percent of all states. Specifically, the top 10 states, in order, for the shortest time in 2008 to Tax Freedom Day are: Alaska (March 23), Louisiana (March 28), Mississippi (March 28), South Dakota (March 29), North Dakota and West Virginia (April 1), Alabama and New Mexico (April 2), Kentucky and Montana (April 3).
If you reside in any of the aforementioned states, you are in better relative tax shape regarding government imposed burdens than taxpayers in the next groups of states. That’s good news for you and for many other readers.
Next is the not-so-good news; followed by the ‘bad news bear’ states.
Live in the states of Pennsylvania, Rhode Island and Minnesota? Then, you will work a few extra days (one or two) more than the average taxpayer. While that is not good for you, it could be worse.
The states where taxpayers must work the longest before reaching Tax Freedom Day this year are: Maryland (April 19), Washington (April 29), California (April 20), New York (April 25), New Jersey (April 29) and Connecticut (April 30).
Yes, taxes are necessary.
You can choose to ask yourself three questions - how much tax is necessary for the federal, state and local governments - or, ask yourself the one essential question: How long, in any year, am I willing to work for government?