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  1. #1
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    Lightbulb Today is Tax Freedom Day

    Today is Tax Freedom Day

    The Tax Foundation has announced that today (the 120th day of 2007) is Tax Freedom DayŽ -- 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 DayŽ 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).


    A program isn't built on one player and it doesn't succeed because of one player, thus a program won't fail if it doesn't get that one player.

  2. #2
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    Re: Today is Tax Freedom Day

    Man...that is depressing



  3. #3
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    Re: Today is Tax Freedom Day

    If you want to be depressed, try doing a little something after hours and accurately report your income. Then you get to send in around 40% of your income from that venture to various governments (15.3% FICA + 15% (generally) Federal + ~8% Iowa).



  4. #4
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    Re: Today is Tax Freedom Day

    Quote Originally Posted by TykeClone View Post
    If you want to be depressed, try doing a little something after hours and accurately report your income. Then you get to send in around 40% of your income from that venture to various governments (15.3% FICA + 15% (generally) Federal + ~8% Iowa).
    I know that pain very well. I do consulting on the side from time to time...



  5. #5
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    Re: Today is Tax Freedom Day

    Pardon my stupidity, but what on earth is tax freedom day?


    WE ARE IOWA STATE

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    Re: Today is Tax Freedom Day

    Quote Originally Posted by clonomaniac View Post
    Pardon my stupidity, but what on earth is tax freedom day?
    Isn't the explanation in the original post?

    Do you work?



  7. #7
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    Re: Today is Tax Freedom Day

    never mind, I think I know it now..


    WE ARE IOWA STATE

  8. #8
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    Re: Today is Tax Freedom Day

    If I had the time and money to do it I'd have some kind of side business like a rental property or something. You'd be amazed at how unprofitable you can make those look for tax purposes and what you can claim as writeoffs yet according to the bank you are making money on it.



  9. #9
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    Re: Today is Tax Freedom Day

    Taxation without representation. So much for our constitution.



  10. #10
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    Re: Today is Tax Freedom Day

    Quote Originally Posted by travman23 View Post
    If I had the time and money to do it I'd have some kind of side business like a rental property or something. You'd be amazed at how unprofitable you can make those look for tax purposes and what you can claim as writeoffs yet according to the bank you are making money on it.
    Nobody works for the IRS on this board do they?



  11. #11
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    Re: Today is Tax Freedom Day

    25%?????? that is if you are not making about 30k. Otherwise it's much more. If were a flat tax then it would be for 25% tax base.



  12. #12
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    Re: Today is Tax Freedom Day

    well, we gotta pay for the war somehow, right?


    I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.

    Thomas Jefferson, 1802

  13. #13
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    Re: Today is Tax Freedom Day

    For every $1 we pay in taxes, the government spends about $1.20. Where did fiscal responsibility go?



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