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Marvin S
04-16-2012, 07:35 PM
from: www.taxfoundation.org/taxfreedomday (http://www.taxfoundation.org/taxfreedomday)

With all the posting on taxes this should be useful ;-)

Americans will spend more in taxes in 2012 than they will on food, clothing & housing combined.

Americans will spend 15 days working to pay sales & excise taxes, 12 days to pay property taxes, & 7 days for other miscellaneous taxes (car, estate, severance, etc)

Individual income taxes represent about 40 days of work. These include US & state income taxes of which only 7 states do not levy an income tax.

Americans will work 11 days to pay their corporate taxes - taxes at the corporate level are only passed on to the consumer in the form of higher prices, lower dividends, lower wages & employment levels or a lower share value.

24 days to pay for social insurance (Medicare & Social Security)

Federal borrowing adds to the bill -

If you live in CT Tax Freedom day is May 5 - You're Number 1 :-P

if you live in LA Tax Freedom day is April 1 - You're Number 48 :cool:

If you live in WA with no income tax Tax Freedom day is April 24 - We're Number 4 :(

luvmylabs23139
04-16-2012, 07:47 PM
from: www.taxfoundation.org/taxfreedomday (http://www.taxfoundation.org/taxfreedomday)


If you live in CT Tax Freedom day is May 5 - You're Number 1 :-P

:(


Only if you pay rather than leach!
Thank DOG I got the hell out of that rat hole!

I'm in NC now but when I moved from CT to VA just property tax facts forget income and sales taxes etc.

At the time CT 850 sq ft condo with section 8 leaches across and below me was double the property taxes of 2100 sq ft on 10 acres.