It’s that time of year again, when Americans can look forward to Tax Freedom Day. Unfortunately, the date comes late this year. For the nation it falls on April 21, three days later than last year, according to the Tax Foundation. In some states it’s a little earlier, but here in New York it isn’t until May 4. Whichever state you’re in, taxes are probably a big part of your budget.
By April 21, to group says, Americans will have made enough to pay the $3 trillion in federal taxes and $1.5 trillion in state taxes — more than they will spend on food clothing and housing combined.
With the way the politicians in DC are spending money expect it to only get worse in the coming years.