United States
In the United States, Tax Freedom Day for 2010 is April 3, for a total average effective tax rate of 26.9 percent of the nation's income. The latest that Tax Freedom Day has occurred was May 1 in 2000. In 1900, Tax Freedom Day arrived January 22, for an effective average total tax rate of 5.9 percent of the nation's income. According to the Tax Foundation, the most important factor driving changes in Tax Freedom Day from year to year is growth in incomes, as the progressive structure of the U.S. federal tax system causes taxes as a percentage of income to rise along with inflation.
Tax Freedom Day varies among the 50 U.S. states, as incomes and state & local taxes differ from state to state. In 2010, Alaska had the lowest total tax burden, earning enough to pay all their tax obligations by March 26. Connecticut had the heaviest tax burden—Tax Freedom Day there arrived April 27. New Jersey had the second heaviest tax burden, having to work until April 25 to pay their total taxes.
According to the Tax Foundation, the following is a list of Tax Freedom Days in the U.S. since 1900:
| Year | TFD | Percentage tax burden |
|---|---|---|
| 1900 | January 22 | 5.9% |
| 1910 | January 19 | 5.0% |
| 1920 | February 13 | 12.0% |
| 1930 | February 12 | 11.7% |
| 1940 | March 7 | 17.9% |
| 1950 | March 31 | 24.6% |
| 1960 | April 11 | 27.7% |
| 1970 | April 19 | 29.6% |
| 1980 | April 21 | 30.4% |
| 1990 | April 21 | 30.4% |
| 2000 | May 1 | 33.0% |
| 2001 | April 27 | 31.8% |
| 2002 | April 17 | 29.2% |
| 2003 | April 14 | 28.4% |
| 2004 | April 15 | 28.5% |
| 2005 | April 21 | 30.2% |
| 2006 | April 24 | 31.2% |
| 2007 | April 24 | 31.1% |
| 2008 | April 16 | 29.0% |
| 2009 | April 8 | 26.6% |
| 2010 | April 9 | 26.9% |
| 2011 | April 12 | 27.7% |
| 2012 | April 17 | 29.2% |
Read more about this topic: Tax Freedom Day
Famous quotes related to united states:
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