Posted by BOE Member George Runner at 5:30 am on Apr 18, 2013 Comments Off on Tax Freedom Day Delayed Again
Like it or not, Californians must work 114 days this year to pay
federal, state and local taxes—that’s four more days than last
year.
Although the average American celebrates Tax Freedom Day on
April 18, Californians must wait nearly a week longer—until April
24—to join the celebration.
Tax Freedom Day, calculated annually by the Tax Foundation, is
the day Americans have earned enough money to pay their annual tax
obligations at the federal, state and local levels. This year’s
national Tax Freedom Day is five days later than last year.
California’s Tax Freedom Day is four days later than last year
and eight days later than two years ago. Compared to other states,
our Tax Freedom Day is now the sixth latest in the nation, up from
eleventh last year. Only Connecticut, New York, New Jersey,
Massachusetts and Illinois have later dates.
As bad as California’s rank is this year, the Legislature seems
intent on making it even worse. It’s churning out so many new taxes
and fees it’s hard for the experts to keep up, let alone the
average California taxpayer.
Although the Tax Foundation considered the impact of
Propositions 30 and 39,… Read More