Americans Pay More in Taxes than on Food, Clothing, and Housing Combined April 7, 2014 Andrew Lundeen Kyle Pomerleau Andrew Lundeen, Kyle Pomerleau Our annual Tax Freedom Day report finds that the nation’s Tax Freedom Day will come on April 21st this year, which is three days later than last year. The calendar measure represents how long Americans as a whole need to work in order to pay the nation’s tax burden. The report estimates that Americans will pay about $4.5 trillion dollars in taxes of all kinds in 2014, with $3 trillion going to the federal government and $1.5 trillion dollars going to state and local governments. This is approximately 30.2 percent of the nation’s income paid in taxes. In total, Americans will pay more in taxes in 2014 than on food, clothing, and shelter combined. To read the whole report, click here. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Center for Federal Tax Policy Corporate Income Taxes Individual Income and Payroll Taxes Sales Taxes Tax Freedom Day Tags Social Security and Payroll Taxes State Tax and Spending Policy
