Today, for the first time in ten years, the U.S. House of Representatives has voted to repeal the federal estate tax. The final vote on HR 1105 was 240-179, with 233 Republicans and 7 Democrats voting yea. The bill was...
- Graphic: How Long Americans Work to Pay All Federal, Stat...
Graphic: How Long Americans Work to Pay All Federal, State and Local Taxes, by Type of Tax, 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...
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 illustration of the cost of government, Tax Freedom Day divides all federal,...
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