If It’s Good for Ghana, It’s Good for the Gander

Reason Hit & Run pulls a line out of President Obama’s speech in Ghana this past weekend:

No business wants to invest in a place where the government skims 20 percent off the top…

If federal, state, and local taxes in the U.S. took only 20% of income, that would mean a Tax Freedom Day® of March 15.

This year, taxes in the U.S. will account for 28.2% of our income. Tax Freedom Day fell on April 13, 2009, 103 days into the year. If you include the federal deficit, that would produce a date of May 29.

Was this page helpful to you?

No

Thank you!

The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?

Contribute to the Tax Foundation

Related Articles