Happy Canadian Tax Freedom Day . . . June 6, 2011

The good news is that Canadians will celebrate their Tax Freedom Day on Monday, June 6, 2011 . . . the bad news is that they will celebrate Tax Freedom Day on Monday, June 6, 2011.

It’s amazing what a difference in tax burdens that 70 short miles can make–the distance from my house to the Canadian border.  According to the Tax Foundation, New Hampshire taxpayers celebrates their Tax Freedom Day (April 9) almost two months earlier than the average Canadian.

And, of course, no celebration would be complete without a new Remy tune:

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?!