Tax Freedom Day - APRIL 23rd

For all of you out there who have jobs, you are now working for yourself as of today. Everything you made up to this point was for the government--to pay your taxes. It is actually 3 days earlier than last year, thanks to the rebate checks this year.

“Government continues to dominate the American taxpayer’s budget,” said Tax Foundation president Scott Hodge. “Americans will still spend more on taxes in 2008 than they will spend on food, clothing and housing combined.”

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. Other major categories are health and medical care (50 days), transportation (29 days), and recreation (21 days).