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Our Labor Day started off with some extremely small pockets of rain for the coast this morning. Most areas should see a rain-free day, with a 30% coverage of showers in our forecast. Highs today will reach the lower 90's. More moisture leads to increased rain coverage for Tuesday. A 50% coverage of showers returns for Tuesday. Highs will ...
Tax Freedom Day
WASHINGTON, D,C. - Tax Freedom Day is April 18 this year in the U.S. and April 30 in Texas.
Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. A vivid, calendar based illustration of the cost of government, Tax Freedom Day divides all federal, state, and local taxes by the nation’s income.
In 2013, Americans will pay $2.76 trillion in federal taxes and $1.45 trillion in state taxes, for a total tax bill of $4.22 trillion, or 29.4 percent of income.
April 18 is 29.4 percent, or 108 days, into the year.