When Will Your Tax Freedom Day(s) Be This Year?
Based on 365 working days per year, Tax Freedom Day in 2007 was April 30th. This means that in 2007; Americans worked 43 DAYS for individual income taxes, 30 DAYS for social insurance taxes, 16 DAYS for sales and excise taxes, 12 DAYS for property taxes, 14 DAYS for corporate income taxes, 4 DAYS for other taxes, and 1 DAY for estate and gift taxes for a total of 120 DAYS. (That's 1/3 of a year!)Filed Under Earned Income Tax Credit | Comments Off
Tagged With Earned Income, Earned Income Tax, Earned Income Tax Credit, EITC
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