Happy Tax Freedom Day California Taxpayers! May 3rd was the date that if Californians worked everyday since the year started and gave every dollar they earned to Uncle Sam they would have paid off their taxes for the year.
Sadly, Californians have to work nine days longer then almost the entire rest of the United States. Only Connecticut, New Jersey and New York have later dates.
The Tax Foundation, which calculates Tax Freedom Day states that this year’s tax bill adds up to 31 percent of total national income, more than Americans are expected to spend on housing, clothing and food combined. And Tax Freedom Day is coming later and later every year. This year it is one day later then 2014, and six days later then 2013. It is a sad irony that April 15th is Tax Day, weeks before we have made enough money to pay what we owe.
By Carolyn Cavecche, President & CEO of Orange County Taxpayers Association