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Tuesday
Apr212015

Tax Freedom Day 2015 (April 24th) 

The Tax Foundation calculates the 2015 Tax Freedom Day as April 24, 2015.

This is calculated as the day of the year when the nation as a whole has earned enough money to pay its total tax bill for that year.

Tax Foundation Key Findings:

  • Americans will spend more on 2015 taxes than they will on "food, clothing, and housing combined."
  • Americans will pay 31% of the nation's income in taxes.
  • Americans will pay $3.3 Trillion in federal taxes, $1.5 Trillion in state and local.
  • Washington residents Tax Freedom day: April 29, 2015
  • Idaho residents Tax Freedom day: April 14, 2015.

 

Graphic from the Tax Foundation: