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May 07, 2008

Happy Tax Freedom Day

Congratulations New Jersey, today is Tax Freedom Day for the Garden State.

Each year the Tax Foundation estimates the number of days per year an individual must work to pay their federal, state and local tax burden. The average number of days for America was 113, based on an individual paying just over 30% of their overall income in taxes. On average, the country worked until April 23 to pay their tax liability. In New Jersey, we celebrate a bit later.

Now you can begin to move on to things like food, clothing, shelter...and profit.

The full Tax Freedom Day study is available here.

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