Posted by taxguru on April 20, 2002
Heading In The Right Direction
According to this analysis, the effective tax burden has come down slightly since the Bush administration took over, from 32.8% of income to 32.1%.
This pushes the symbolic Tax Freedom Day up by four days. Under this concept, every dime we earn from January 1 through April 27 is for the benefit of our masters in government. After that date, the money is ours to keep. There is still a very long way to go; but we need to prevent any backsliding, as Gephardt, Daschole, and the rest of the Dims are trying to achieve.
KMK
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