Opinion

April 15, 2014

Working for the man

You may be one of the many Americans who will rush to file their income taxes today. But you may not yet have earned enough money to pay all of the taxes that will be imposed on you this year.

The Tax Foundation, a nonpartisan think tank, says that Tax Freedom Day this year is April 21. That’s the day the average American will have earned enough money this year just to pay all of his state, local and federal taxes. Put another way, if you are the average American you work the first three months and three weeks of the year for the government. You won’t start working for yourself until April 22.

We hope that news doesn’t make signing that check for your income tax more painful.

But if it does, you might take some comfort in the fact that Tax Freedom Day comes a bit earlier in Georgia than the rest of the nation. The Tax Foundation says that Tax Freedom Day in the Peach State was April 12. Thanks to tax rates that are just slightly lower than the national average, the typical Georgian only had to work the first three months and a week-and-a-half of the year to pay his taxes.

We expect those numbers will probably shock many people simply because we don’t keep a running tally of how much is taken out of our paycheck in withholding each time we are paid or how much sales tax we pay each time we buy something. But those taxes add up pretty quickly.

Do you think you get your money’s worth for what you pay in taxes?

That’s a question many Americans are probably asking themselves today.

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