If It’s Good for Ghana, It’s Good for the Gander July 13, 2009 Joseph Bishop-Henchman Joseph Bishop-Henchman 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. 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 Individual Income and Payroll Taxes Tax Freedom Day
