According to the Tax Foundation, in 2008, Americans will work 74 days to afford their federal taxes and 39 more days to pay state and local taxes. Meanwhile, buying food requires 35 days of work, clothing 13 days, and housing 60 days.
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Unfortunately, the numbers don’t lie; government in the United States continues to be a fixture in the budget of the American taxpayer.
In 1900, Tax Freedom day was January 22; roughly 5% of a person’s gross income went towards taxes. Today, the average person will contribute approximately 30% of their gross income towards taxes at the state, federal, and local level.
Today, April 23 is Tax Freedom day. Americans should take notice.
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