April 23 Tax Freedom Day
Published 3:54 am Thursday, March 27, 2008
By Staff
WASHINGTON – Tax Freedom Day(r) will fall on April 23 this year, according to the Tax Foundation's annual calculation using the latest government data on income and taxes.
That's three days earlier than in 2007.
Stimulus rebates and a projection of slow growth in 2008 are the principal reasons for the earlier celebration.
The study is Tax Foundation Special Report No. 160, "America Celebrates Tax Freedom Day(r)," by Tax Foundation senior economist Gerald Prante and Tax Foundation President Scott Hodge.
"Government continues to dominate the American taxpayer's budget," said Hodge.
"Americans will still spend more on taxes in 2008 than they will spend on food, clothing and housing combined."