Happy Tax Freedom Day, Czech Republic
June 6, 2008
To Americans who complain about high taxes in the U.S. I say, “it can always be worse.” While American taxpayers celebrated Tax Freedom Day this year on April 23rd, our friends at the Liberal Institute in Prague have announced that Tax Freedom Day will arrive on June 7th in the Czech Republic. http://www.praguemonitor.com/en/351/czech_national_news/23770/
For those keeping score at home, this means that Czech citizens will have worked 158 days into the year to pay all of their taxes, 3 days earlier than last year. By contrast, U.S. citizens worked 123 days into 2008 to pay all of their tax bills.
According to LI, Czech citizens also worked nearly a month longer than their neighbors in the Slovak Republic, who celebrated Tax Freedom Day on May 11.
The concept of Tax Freedom Day was originated by Florida businessman Dallas Hostetler in 1948. [At that time, the Tax Foundation published a similar, but less catchy, concept called “The Tax Bite in the Eight Hour Day”]. When he retired in 1970, he donated the trademark to the Tax Foundation, and we have published it ever since. In 1990, the Tax Foundation began calculating an individual Tax Freedom Day for each of the 50 U.S. states.
Tax Freedom Day has become such a useful tool for teaching citizens about the size of the nation’s tax burden that it is now promoted by free-market organizations in at least 12 other countries, including: Canada, Great Britain, Poland, the Czech Republic, South Africa, and India.
For more on Tax Freedom Day in the U.S. go to: http://www.taxfoundation.org/taxfreedomday/