In yesterday's House hearing, the Treasury Inspector-General was asked if he could list which organizations had been targeted by the IRS for delayed approval or harassing questions. He replied that he could not make that...
- The Tax Policy Blog
- Happy Tax Freedom Day!
Happy Tax Freedom Day!
Time to celebrate America it is Tax Freedom Day! Congratulations, today is the 116th day of the year- April 26th- and you have now finally made enough money to pay your total tax bill for the year.
Unfortunately we will work 3 days more this year than last year, when Tax Freedom day fell on April 23rd, and a whopping 10 days more than in 2004 when Tax Freedom day fell on April 16th.
The Bush tax cuts of 2001 and 2003 lowered Tax Freedom Day from its high of May 3 in 2000 to its recent low in 2004, but a vibrant economy has again increased the nation’s tax burden. As the economy expands the government taxes a larger chunk of the nation’s income due to the progressive federal income tax code.
Read the full Tax Freedom Day report to learn more about the nation’s tax burden and each state’s unique tax freedom day.
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About the Tax Policy Blog
The Tax Policy Blog is the official weblog 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.