CtTaxed.com

Happy Tax Freedom Day!

Ok, Connecticut you get to start working for your family and yourself today. Today is Tax Freedom Day, it’s the day where you’ve finally worked enough to pay all your Federal, State and Local taxes.

We in Connecticut have the honour of working longer than any other state in the Union to pay our fair share. We work till May 08th.

How ironic that Tax Freedom Day and the end of the CT Legislature Session coincide. Coincidence? I think NOT!

Other states where citizens wait unusually long for Tax Freedom Day® are California (April 30), Washington (April 29), Massachusetts (April 28), Maryland (April 28), Minnesota (April 27), and Florida and Hawaii on April 26.

Wow, we work a whole WEEK longer than our closest competitor California! Ouch!

Tax Freedom Day is calculated by adding up the cost of government than dividing by the number of citizens and days in the year.

In 2008, Americans will work 74 days to afford their federal taxes and 39 more days to pay state and local taxes. Meanwhile, buying food requires 35 days of work, clothing 13 days, and housing 60 days. Other major categories are health and medical care (50 days), transportation (29 days), and recreation (21 days).

We work for the Government longer than we work for food! And Health Care!

Hmmm, maybe we wouldn’t need Universal Health Care if the Government wasn’t so greedy!

As I’ve said before, Connecticut residents don’t study that pie chart to closely, you see it is for citizens of average states.

“Government continues to dominate the American taxpayer’s budget,” said Tax Foundation president Scott Hodge. “Americans will still spend more on taxes in 2008 than they will spend on food, clothing and housing combined.”

The Government never does without, they never cut or scale back at best they just slow the growth of all that “needed” spending.

One Response to “Happy Tax Freedom Day!”

1. Ted Melinosky Says:
   May 8th, 2008 at 7:18 pm

   Didn’t realize we were the “winner” in this area. And the state legislature was working on many more plans to increase “services” when it was decided to continue the second year of the budget without the traditional change. Now, estimates from the Budget Office say we’re in a deficit condition and heading in the wrong direction.

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