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Pepperdine University School of Law

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Monday, April 30, 2007

Today is Tax Freedom Day®

The Tax Foundation has announced that today (the 120th day of 2007) is Tax Freedom Day® -- Americans will work four months of the year, from January 1 to April 30, before they have earned enough money to pay this year's tax obligations at the federal, state and local levels.

April 30 is the national average -- the Tax Freedom Day® in individual states range from the state with the highest tax burden -- Connecticut (May 20) -- to the states with the lowest tax burden -- Oklahoma and Alabama (April 12).

Here are the ten states with the heaviest tax burdens and the latest Tax Freedom Days®:

  1. Connecticut (May 20)
  2. New York (May 16)
  3. New Jersey (May 10)
  4. Vermont (May 9)
  5. Rhode Island (May 9)
  6. Nevada (May 8)
  7. California (May 7)
  8. Washington (May 6)
  9. Massachusetts (May 6)
  10. Minnesota (May 4)

Here are the ten states with the lowest tax burdens and the earliest Tax Freedom Days®:

  1. Oklahoma (April 12)
  2. Alabama (April 12)
  3. Mississippi (April 13)
  4. Alaska (April 13)
  5. Tennessee (April 15)
  6. New Mexico (April 15)
  7. Louisiana (April 16)
  8. South Dakota (April 16)
  9. Texas (April 19)
  10. Idaho (April 19)

Tax_freedom_day_states

For criticism of the Tax Foundation's methodology by the Center on Budget and Policy Priorities, see:

For the Tax Foundation's response to this criticism, see Analysis of the Center on Budget and Policy Priorities' Criticism of Tax Freedom Day and State-Local Tax Burdens.

http://taxprof.typepad.com/taxprof_blog/2007/04/today_is_tax_fr.html

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Listed below are links to weblogs that reference Today is Tax Freedom Day®:

» http://instapundit.com/archives2/004661.php from Instapundit.com (v.2)
TODAY IS NATIONAL TAX FREEDOM DAY: Enjoy working for yourself for the remainder of the year.... [Read More]

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» Free at Last from Joe's Dartblog
Today, the 120th day of 2007, we have been granted permission by the State to keep our personal earnings for the remainder of the calendar year. (If you live in New Jersey you need to wait another ten days.)... [Read More]

Tracked on Apr 30, 2007 8:48:02 AM

» HAPPY TAX FREEDOM DAY! from Roth & Company, P.C.
The Tax Foundation has declared tomorrow "Tax Freedom Day" to mark the point in the year when the average American... [Read More]

Tracked on Apr 30, 2007 8:50:59 AM

» Tax Freedom Day from GM's Corner
The Tax Foundation has determined that today, April 30, 2007, is Tax Freedom Day in the U.S., which signifies when Americans stop working for the government and can start working... [Read More]

Tracked on Apr 30, 2007 10:43:24 AM

» Happy Tax Freedom Day -- If Today Is the Day: from The Volokh Conspiracy
According to the Tax Foundation, today is "Tax Freedom Day." This means, according to the Tax Foundation, that the average American worked from January 1 until today in o... [Read More]

Tracked on Apr 30, 2007 10:53:53 AM

» Tax Freedom Day from A Second Hand Conjecture
From Taxprof Blog: The Tax Foundation has announced that today (the 120th day of 2007) is Tax Freedom Day® Americans will work four months of the year, from January 1 to April 30, before they have earned enough money to pay this years t... [Read More]

Tracked on Apr 30, 2007 11:32:37 AM

» Time to celebrate Tax Freedom Day from Don't Mess With Taxes
Do you have today's party planned? You know. The one to celebrate April 30 being National Tax Freedom Day. Tax Freedom Day, a registered trademark of the Tax Foundation, is the day that we finally have enough cash to pay all our year's tax bills at the... [Read More]

Tracked on Apr 30, 2007 11:34:44 AM

» Here's a question from PSoTD
When is Freedom From Paying Taxes for the Iraq Debacle Day? [Read More]

Tracked on Apr 30, 2007 12:54:18 PM

» Today Is Tax Freedom Day! from Wonkette
Hey, America, its time to celebrate Tax Freedom Day. But hold on, nowin truth, you arent any freer today than you were yesterday. Lets not get crazy! Tax Freedom Day is merely the day by which the average taxpayer has... [Read More]

Tracked on Apr 30, 2007 1:15:29 PM

Comments

"When understood in this way, the CBPP’s comparison of Tax Freedom Day with CBO estimates of middle-income tax burdens clearly relies on a misconception of Tax Freedom Day estimates. The tax burden of those in the middle-income quintile simply is not the same as a nation-wide overall average that includes all U.S. taxpayers."

I don't think it was a misconception. Tax Freedom Day is targeted to taxpayers, not to income pools.

Posted by: kynefski | Apr 30, 2007 8:22:40 PM

I wish we could have tax freedom day everyday

Posted by: Anita | Jun 5, 2007 11:27:57 PM