Procrastinator that I am, I finally did my taxes on Sunday. So this yearly reminder seems especially vivid and painful:
The day when the nation collectively has made enough money
to pay its total tax burden for the year is three days later this year, according to a new report.
According to a report released Monday by the Tax Foundation, this year Tax Freedom Day falls 111 days into 2014, on April 21.
By April 21, to group says, Americans will have made enough to pay the $3 trillion in federal taxes and $1.5 trillion in state taxes — more than they will spend on food clothing and housing combined.
It's interesting to see that the federal government takes twice as much as all 50 states combined. That tells you everything you need to know about how far we've deviated from the nation as conceived and designed.
