Tax Freedom Day!
Excerpts:
The answer this year is that taxes will amount to 26.89 percent of our income, and the stretch of 99 days from January 1 to April 9 is 26.89 percent of the year.
But if one factors in the annual deficit ...
If Americans were required to pay for all government spending this year, including the $1.3 trillion federal budget deficit, they would be working until May 17 before they had earned enough to pay their taxes - an additional 38 days of work.
I wonder what the numbers look like if one factors in the cumulative Federal Debt?
Am not an anarchist! I believe the government has a role in society. The questions are how big a role, is it doing a good job and is it being fiscally prudent?
I suspect many feel the answers are "too big," "no," and "no."
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