Monday, April 30, 2007

Hallelujah!

The TaxProf Blog has got the scoop: Today is Tax Freedom Day® for the average American taxpayer. According to the Tax Foundation, you must work the first 120 days of the year (until April 30) to meet your federal and state tax burden. Being a national average, however, means that in some states you’re still on the tax-paying clock while in other states you’ve been working for yourself for a few days already.

Click the link above to see whether you’re working for yourself or not.

The map has some interesting meaning when you match it with one for Red States/Blue States. The ten states with the heaviest tax burden (#1 is Connecticut—sorry, you’ll be paying taxes until May 20th) are all Blue States (Democrat strongholds), while those with the lightest tax burden are predominantly Red States. Oklahoma and Alabama have been off the clock since April 12th.

Maine, Illinois, Wisconsin, and Maryland would be numbers 11-14 on the Heavy list and Washington, D.C. would be number 3 on that list if it were a state.

Go on over and see where your situated. Today is Tax Freedom Day®

And, while you’re there, click on the link for the Tax Foundation’s announcement. There’s all kinds of interesting charts and tables to show how much of your money is going where.

(Seen first via Instapundit )

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