UNITED STATES: Tax Freedom Day is April 16th
The Tax Foundation recently released its report on Tax Freedom Day. Tax Freedom Day is a significant date for taxpayers and lawmakers because it represents how long Americans as a whole have to work in order to pay the nation’s tax burden. This year, Tax Freedom Day falls on April 16, or 105 days into the year. If you include annual federal borrowing, which represents future taxes owed, Tax Freedom Day would occur 22 days later, on May 8. Tax Freedom Day in 2018 and 2019 was five days earlier than it was in 2017, in large part due to the recent federal tax law, the Tax Cuts and Jobs Act.
