Tax Rascal

For 2012, Tax Day Is Also Tax Freedom Day

Categories: Featured, Politics, Tax News, Tax Policy

According to the Tax Foundation, the day you have to pay your taxes is also the day you pay off your taxes

This year, in a fitting twist of fate, Tax Day and Tax Freedom Day both arrive on April 17. What is Tax Freedom Day? Don’t worry, it doesn’t involve crazies in tricorn hats carrying posters of President Obama with a Hitler mustache (though trust me, April 17 will see its share of crazy protesters). No, Tax Freedom Day is designated annually by the Tax Foundation as the day that Americans have earned enough income to pay off their tax burden.

Americans will have to work 107 days to pay off the 29.2% of their income that they owe … Read more...


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