California might be facing calls for a higher cigarette tax in the near future. This session, the state Senate had been considering SB-591, which would raise the tax to $2 per pack. Despite clearing committee, the bill...
- Graph: Tax Freedom Day Adjusted for the Federal Budget De...
Graph: Tax Freedom Day Adjusted for the Federal Budget Deficit, 1900-2012
Key Findings This year, Tax Freedom Day falls on April 24, or 114 days into the year. Americans will pay $3.3 trillion in federal taxes and $1.5 trillion in state and local taxes, for a total bill of more than $4.8 trillion, or 31 percent of...
For the most recent version of Tax Freedom Day, please follow this link. What is Tax Freedom Day®? Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for year. A vivid, calendar-based...
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