Tax Freedom Day Debunked -- Again

As it does every year, the Center on Budget and Policy Priorities has debunked the Tax Foundation's "Tax Freedom Day."

Tax Freedom Day is a myth. Don't believe it.

 

yeah don't believe it at all

You don't really pay any taxes

 

There is a day somewhere when you earn the amount you pay in taxes. Methodology arguments aside.

 

Of course there is. But even if its only the top earners, they should still be recognized. Thank you top earners for contributing more than your "fair share" 100 days of working for free so some junkie doesn't have to is worthy of a day of recognition.

 

Isn't that the truth! We've got a legion of Entitlement Generation families who pay a net ZERO in taxes. Their tax freedom day begins on January 1st, all thanks to hard-working people who have to cover for them. And each year the Entitlement Generation gets a little bigger, moving it ever closer to an unsustainable position. Of course, there are still people who believe in the Free Lunch concept, that is until everything comes crashing down.

 

Sure but deliberately misrepresenting it is deceitful and counter-productive. Overstating the level of taxes we pay creates an antipathy toward taxation which diminishes government's ability to raise revenue for the services we expect of it.

 

It is a day shown merely as an example to show the absurdity of the tax rate for actual earners...

We know full well that loser stoner morons, living in mom's basement, smoking weed, and having cheetos dust coatings on their small little dicks from beating of to naked pictures of Pelosi, pay no taxes... it's how them Dems buy their votes

 

I remember when I got my first paycheck from EF Hutton. I had mentally computed what I thought I would get and the check was only 2/3 of the amount. WTF!?!?! Federal, State, local and SocSecurity grabbed 1/3 and they did none of my work those 2 weeks.

 

Not liking the date they get with thier methodology does not make it debunked. I'm sure you can find plenty of people who have a tax freedom day of april 9th, just as there are plenty of people with a date before or after.

April 9th means a tax rate of around 27%. That seems pretty average to me factoring in federal,state local taxes of all types.

 

Yes I imagine there are some in the top 5 percent that will be working til June next year when they are tapped further for the stimulus the HC bill and of course when the states run out of cash - which is happening right now. And something tells me that the 5 percent may be shrinking. Who will they go after next?