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Saturday, April 21, 2007

Tax Freedom Day

Happy Tax Freedom Day!

Today, April 21st 2007, is Tax Freedom day. Today is the day when the average citizen has worked off their federal and state tax burdens for 2007. The government has contented its self this year with a mere 16 weeks of your earnings.

Aren't you glad you could work 16 weeks out of the year for "The Man"? Look around at all the splendor the government provides you in return. Well maintained and regularly cleaned streets; a foreign policy predicated on making friends and allies around the globe; a top notch ferderal disaster response team; protection from virtually all crime; a transparent government run by politicians of the highest moral fiber; a strong stable currency; a good trade balance with foreign nations; a strong labor market that rarely loses jobs oversees; unintrusive and highly effective airport security; courteous and helpful civil servants who are eager to handle your specific request at the DMV, IRS, TSA, ICE etc; and reasonably priced health care are just a few.

Oh. Um. that 16 weeks (i.e. 1/3 of your pay) doesn't included the hidden tax of inflation (which is caused by the federal reserve using play money to buy the bonds we use to cover the deficit. but thats a whole different topic). Thats an additional two weeks.

Oh and one more thing. April 21st is the Montanan Tax Freedom Date. If you live elsewhere it might be different. Californians (just as random example) will need to work 16 more days (May 7th) to achieve 2007 tax freedom. But its worth it, right?

Further Reading: Tax Freedom Day - The Tax Foundation

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# posted by Max : 4/21/2007 02:33:00 PM 0 comments

Montana Bloggers:

This great list was stolen from A History of Montana by Kodak.
Welcome to MikeAbleXray. You look like you could use a drink.