Tax Freedom Day is the first day of the year in which we as a nation, as a whole, have earned enough income to fund our annual tax burden. This year it is April 18, the 108th day of 2013, a full five days later than last year. Americans will work well over three and a half months of the year before they have earned enough money to pay this year’s tax obligations at the federal, state and local levels. Both higher federal taxes and rebounding incomes contribute to this year’s date, which is five days later than in 2012.
To honor this joyous day, I am providing you all with a copy of a 2013 Tax Fact Sheet. I hope you find it helpful!