Tax Freedom Day
Published
Apr 24 2015 at 8:00 PM GMT
Key
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- MoneyTipsTax Freedom Day is the day when our collective income as a nation is enough to pay our collective federal and state taxes for the year.
- Considered in that respect, all of the income we earn after that point may be considered "tax-free.' Tax Freedom Day is calculated in April of each year using projections from the federal budget, US Census data, and information from the Bureau of Economic Analysis (BEA).
- This holiday of sorts was invented by a Florida businessman in 1948 who deeded the concept to.
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- Published Apr 24, 2015 8:00 PM GMT