To see the full list of states and rankings, go to. The Granite State ranked #35 with a 2019 Tax Freedom Day of April 19th, three days later than the national average. If all this takes place, down the road we could perhaps see – brace yourself – a Tax Freedom Day in mid-to-late May or even June.Įlsewhere, New Hampshire, which has no income tax or sales tax, did not fare as well as you might think. Let’s not also forget that President Biden is floating the idea of a $1 trillion federal tax increase over 10 years. If Governor Cuomo manages to stay in office, the race to the bottom will heat up this year as both New York and Massachusetts have grand plans for onerous new taxes. The Adam Smith Center explains that this years significant change in the date of Tax Freedom Day in favor of citizens is due solely to nominal GDP growth concerning public sector spending. It will be interesting to see how many of those who fled New York due to the coronavirus will return to pay their taxes. In 2022 Tax Freedom Day fell on June 13, the 164th day of the year. Governor Cuomo has apparently outmaneuvered Governor Charlie Baker to pull ahead in the contest to have the highest-taxed citizens in the country. The worst 2019 ranking, #50, was a tie between New York and Washington, D.C., with a Tax Freedom Day of May 3rd. While not great, the current state ranking is slightly better than in the past when Massachusetts historically dwelled in the bottom three rankings. In 2018 Massachusetts was ranked at #45 with a Tax Freedom Day of April 26th, also seven days later than the national average for that year. After that date, Alaskans get to keep whatever they earn to pay for their personal needs and enjoyment.Īnd Massachusetts’ ranking? The Bay State, known for its numerous taxes, came in at #43 with a Tax Freedom Day of April 23rd, seven days later than the national average. In contrast, Tax Freedom Day in 1900 was on January 22 when Americans paid only 5.9% of income in taxes.įor individual states, using the 2019 data, Alaska comes in with a ranking of #1 with a Tax Freedom Day of March 25th. The latest Tax Freedom Day was on May 1, 2000, when Americans paid 33% of their hard-earned income to the taxman. In 2019, Americans paid more in taxes than for food, clothing and shelter combined. To break it down further, Americans in 2019 worked: 42 days to pay income taxes 26 days for payroll taxes 11 days for property taxes 5 days for corporate income taxes and 6 days to pay other taxes. The earlier Tax Freedom Day for 2019 was due in large part to President Trump’s historic tax-cutting legislation. The 2018 Tax Freedom Day was on April 19th, three days later, and the 2017 Tax Freedom Day was on April 22nd, even later still. Bureau of Economic Analysis for 2019, the latest year available, overall the country had a Tax Freedom Day of April 16th. According to The Tax Foundation, the national tax freedom day is April 18th meaning the average American will work 108 of 365 days a year just to pay their varied taxes. The nationally recognized Tax Foundation has just released the date on how long into the year Americans work before they have earned enough money to pay all federal, state and local taxes.
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