2013 was a year of many changes to the U.S. tax code, and some of the most significant changes were targeted at raising taxes on high-income Americans. The fiscal cliff tax deal created a new 39.6 percent income tax...
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- Five States Have Already Arrived at Their Tax Freedom Day
Five States Have Already Arrived at Their Tax Freedom Day
Today we released our annual Tax Freedom Day study. Tax Freedom Day--the day on which Americans have earned enough money to pay all federal, state, and local taxes for the year--will arrive on April 9 this year, the 99th day of 2010.
The national Tax Freedom Day is an average for all states, but Tax Freedom Day varies by state because each state taxes its residents differently and because the average income of taxpayers varies by state, which affects federal, state and local tax liabilities.
This year the earliest state Tax Freedom Days are in Alaska and Louisiana. Here is the list of states that have already arrived at their Tax Freedom Day:
- March 26th: Alaska (50th) and Louisiana (49th) residents worked 85 days to pay their federal, state and local tax bills.
- March 28th: Mississippi (48th) residents worked 87 days to pay all of their taxes in 2010.
- March 29th: South Dakota (47th) residents worked 88 days to pay all of their taxes in 2010.
- March 30th: West Virginia (46th) residents worked 89 days to pay all their taxes in 2010.
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The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.