Georgia’s Tax Freedom Day: April 8

This year it’ll come on April 8. Yes, you only had to work 98 days year just to pay taxes. That’s the word from the Tax Foundation, via this story from the Atlanta Business Chronicle. This is also the same gang which rates Georgia as the 29th most favorable state for business based on tax rates.

Anyway, regarding the Tax Freedom Day:

To calculate the day, the nonpartisan Tax Foundation takes the official government figure for total tax collections and divides it by the nation’s total income. The foundation estimates that in 2010 taxes will amount to 26.89 percent of our income and the stretch of 99 days from January 1 to April 9 is 26.89 percent of the year.

This year’s national Tax Freedom Day is one day later than in 2009 but more than two weeks earlier than two years ago. Americans will pay more taxes in 2010 than they will spend on food, clothing and shelter combined, Tax Foundation said.

Full report here. And, while you are celebrating, please note that house prices in Atlanta fell 2 percent year-over-year in January and we’re only a few days away from learning which small town banks in Georgia have been shut down this week. Oh, the joy! No need for despair, though. Just keep this in mind.

8 comments

    • Pete Randall says:

      25% of our life savings is a small price to pay for your freedom? Not really when you consider how much of that goes to social programs that have no impact on our national security. Nice try, though!

      • benevolus says:

        Well since it is federal, state and local taxes they are considering, I think it is somewhat of a bargain. Streets, cops, trash collection, libraries, schools, the FAA, the FBI, the Space Station, etc, etc. As a member of a community that has agreed to pool our resources for these things, I think we do OK.

    • ByteMe says:

      According to “conservative supply side economics”, if you keep cutting taxes, you increase tax revenue!

    • Pete Randall says:

      Lets pay ZERO taxes…..and watch what crumbles….

      Wow. Okay, if you interpret my post as meaning we should pay no taxes, then I’ll go ahead and interpret your post as meaning we should give ALL of our money to the government!

      And what exactly would happen if we paid less taxes? For some reason State government seems to still be running with billions being cut from the budget.

      We don’t exist to support government.

      • ByteMe says:

        And yet, Pete, our schools still suck, our roads are overcrowded, our police and fire departments are underpaid for putting their lives on the line for us, and so on…

        But, hey! We have a few extra dollars in our wallets. Woo-hoo!

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