Today is Tax Freedom Day. This is the day of the day of the year in which we in the United States have earned enough money to pay our collective tax bill. It will vary year to year depending on tax rates across the nation. According to Wikipedia, back in the year 2000 it was May 1st which, when you think about it, was fittingly appropriate. However, in 1900, it was a mere January 22nd.
The Tax Foundation notes that we will spend more on Federal, state, and local taxes that what we will spend on food, clothing, and shelter. They also had these key findings about the 2015 Tax Freedom Day.
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