President Obama’s fiscal year 2015 budget proposes to increase taxes on individuals by over $820 billion and on businesses by about $500 billion, for a total of over $1.3 trillion in new taxes over the next ten years....
- The Tax Policy Blog
- When Will Tax Freedom Day Be this Year?
When Will Tax Freedom Day Be this Year?
We will soon announce the date of Tax Freedom Day 2011, the day on which Americans will have earned enough money to pay all their tax bills for the year at the federal, state and local level. Tax Freedom Day® is a vivid, calendar-based illustration of government's cost, and it gives Americans an easy way to gauge the overall tax take.
Every year the Tax Freedom Day announcement is widely anticipated, and we receive numerous emails and phone calls from people eager to know the date. We will let everyone on our email list know immediately when the report is published. If you'd like to be among the first to read it, sign up for one of our email lists, either our regular weekly newsletter or the one-time announcement of Tax Freedom Day.
Tax Freedom Day was created by Florida businessman Dallas Hostetler in 1948. He performed the calculation himself and promoted his copyrighted concept until his retirement in 1971. He deeded the intellectual property to us, and since then we have used historical data to calculate Tax Freedom Day back to the beginning of the 20th century. In 1990 sufficient data became available to calculate a separate Tax Freedom Day for each state.
From the archives--1992:
Almost twenty years ago, Tax Foundation executive director announces 1992's Tax Freedom Day
Reporters assemble for the release of the 1992 Tax Freedom Day Special Report
Tax Foundation executive director explains the disparity in Tax Freedom Days from state to stale.
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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.