I just finished my taxes and sent them off to the good old IRS – couple days before the deadline (being the procrastinator I am.)
Since we’re talking about taxes, I thought I’d take a few minutes and dicuss Tax Freedom Day.
This year, that day comes on April 26. What that basically means, according to the Tax Foundation, is that in 2006, Americans will work 77 days to afford their federal taxes and 39 more days to afford state and local taxes. That makes taxation a bigger financial burden than housing and household operation (62 days), health and medical care (52 days), food (30 days), transportation (30 days), recreation (22 days), or clothing and accessories (14 days).
Here are some charts from the foundation:
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Anyway, just thought you’d like to know it’s almost tax day, and you haven’t even finished paying this year’s tax burden yet.
Happy taxes!