Today is Tax Freedom Day

 

This Day in History: April 16 has been generally accepted as Tax Freedom Day. Tax Freedom Day is the date after which we no longer work to pay taxes, and from here on in you work for yourself for the remainder of the year. I personally believe Tax Freedom Day is probably much later, as it is difficult to really calculate how much taxes we really pay as taxes are hidden and embedded into so many things. However, even if I accept April 16 as Tax Freedom Day, it is interesting to note in the early 1900s, Tax Freedom Day was January 20. It stayed there until 1917, when it was Jan. 22. With World War I, Tax Freedom Day was Feb. 6 in 1918, then Feb. 20 in 1921. After Roosevelt's New Deal in 1940, Tax Freedom Day was March 3, and after World War II, Tax Freedom Day was March 31.

Tax Freedom Day in Canada is June 14. In the UK it is June 12. In Austria it is August 5.

There is also a Tax Freedom Clock

Dickens Knew Taxes Started the French Revolution
https://thebookshelf2015.blogspot.com/2017/06/dickens-knew-taxes-started-french.html

How They Viewed an Income Tax Over 100 Years Ago
https://thebookshelf2015.blogspot.com/2018/04/how-they-viewed-income-tax-over-100.html

See also The History & Mystery of Money & Economics-250 Books on DVDrom

Visit my Econ blog at http://fredericbastiat1850.blogspot.com/

For a list of all of my disks and ebooks (PDF and Amazon) click here