It’s now past 5PM on April 30th. According to the Tax Foundation, that means that the average American has now made enough money in 2007 to cover their total tax burden (federal, state and local) for the year. For the record, Tax Freedom Day came two days later this year than last year. For a historical look at the date of Tax Freedom Day, see the following graph from the Tax Foundation.
I hear they are now starting to tax on baby bonus that is paid out.. they want everything but blood
Some pretty wild swings recently.
It’s amazing how much money goes to taxes. Now to start working on paying for the mortgage 😉
Looks like we are due for another recession.