The government leviathan takes more and more every year.
This year, “Tax Freedom Day” is 3 days later than last year.
And it’s got a maddeningly depressing statistic to go along with it’s bite.
The day when the nation collectively has made enough money to pay its total tax burden for the year is three days later this year, according to a new report.
According to a report released Monday by the Tax Foundation, this year Tax Freedom Day falls 111 days into 2014, on April 21.
By April 21, to group says, Americans will have made enough to pay the $3 trillion in federal taxes and $1.5 trillion in state taxes — more than they will spend on food, clothing, and housing combined.
You could eat better, and live in a nicer house, if only you weren’t supporting 47 million grifters on food stamps.
And, that’s merely the “average.” Break it down by state and New Jersey comes in, uh, first.
“This means a combination of higher-income and higher-tax states celebrate Tax Freedom Day later: Connecticut (May 9), New Jersey (May 9), and New York (May 4),” the authors write. “Residents of Louisiana will bear the lowest average tax burden in 2014, with Tax Freedom Day arriving for them on March 30. Also early are Mississippi (April 2) and South Dakota (April 4).”
Freedom. They use that word. It doesn’t mean what they think it means.
More than 1/3 of every dollar I make gets shipped off into a black hole. That’s not “freedom.” Not in my book.