Saturday, April 17, 2010

Taxes have Declined Over 2% Under Obama

Tax Freedom Day, the day that the average worker has paid his/her federal, state, and local taxes, has come earlier this year than it has in the past 40 years.



The year with the longest period was 2000 when the day was May 1. The tax burden that year was 33%. In 2008, the last year George W Bush was in office the day was April 16, the day after federal taxes were due. The tax burden that year was 29%. Since President Obama took office the tax burden was 26.6% in 2009 and 26.9% this year.


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