David John Marotta
forbes.com
May 6, 20914
The Tax Foundation calculates that April 21 is 2014′s Tax Freedom Day. In other words, the earnings of the 2,654.4 hours of the first 110.6 days go to the government. Then our earnings can finally be our own.
For every 8-hour workday, we labor for 2 hours and 26 minutes to pay federal, state and local taxes. Without taxes, you could leave your job every day at 2:34 p.m. and earn the same salary.
One hour and 7 minutes goes to corporate and personal income taxes, which were unconstitutional until 1913. Eliminating this tax on productive earnings would eliminate 46.24% of the tax burden. It would also allow us to keep our finances private.
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