Tax Freedom Day 2011

US Capitol Building
Creative Commons License photo credit: bclinesmith

Today the Tax Foundation released their 2011 edition of Tax Freedom Day.  Unfortunately, America’s taxpayers will have to wait another 13 days to celebrate Tax Freedom Day which falls on April 12.  Additionally, the study goes on to note the role that the enormous federal deficit plays in Tax Freedom Day.  The measure does not include include the deficit because that money comes from borrowing rather than taxation.  Yet, had taxes been raised to cover the deficit then, nationally, Tax Freedom Day would have arrived 41 days later on May 23.  Ugh!

In the meantime, Congress is bickering over whether to cut the budget by $60 billion or $30 billion.  Really?!

Leave a Reply

Your email address will not be published. Required fields are marked *