What Is Tax Freedom Day?
Tax Freedom Day® is the day when the nation
as a whole has earned enough money to pay its total tax bill
for the year. Tax Freedom Day takes all federal, state, and
local taxes and divides them by the nation’s income. In
2019, Americans will pay $3.42 trillion in federal taxes and
$1.86 trillion in state and local taxes, for a total tax
bill of $5.29 trillion, or 29 percent of national income.
This year, Tax Freedom Day falls on April 16, or 105 days
into the year.
Tax Freedom Day 2019 is April 16th
Tax Foundation - April 10, 2019
When Is My State’s Tax Freedom Day?
The total tax burden borne by residents of
different states varies considerably due to differing state
tax policies and the progressivity of the federal tax
system. This means that states with higher incomes and
higher taxes celebrate TFD later: New York (May 3), New
Jersey (April 30), and Connecticut (April 25). Residents of
Alaska will bear the lowest average tax burden in 2019, with
Tax Freedom Day arriving on March 25. Also early are
Oklahoma (March 30), Florida (April 4), and Louisiana (April
4).
Tax Freedom Day 2019 is April 16th
Tax Foundation - April 10, 2019
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.
Tax Freedom Day 2019 is April 16th
Tax Foundation - April 10, 2019
