The Tax Foundation - America Celebrates Tax Freedom Day®

Tax Freedom Day arrived in Tennessee last Saturday.  This is the earliest in the country, meaning we have the lowest tax burden of any of the states.  From The Tax Foundation.

America Celebrates Tax Freedom Day®
The total tax burden borne by residents of different states varies considerably, not only due to differing state tax policies, but also because of the steep progressivity of the federal tax system. This means higher-income states celebrate Tax Freedom Day later: Connecticut (May 5), New Jersey (May 1), and New York (May 1) residents face a significantly higher total federal tax burden than lower-income states.

Residents of Tennessee will bear the lowest average tax burden in 2012, with Tax Freedom Day arriving for them on March 31. Also early are Louisiana (April 1), Mississippi (April 1), South Carolina (April 3), and South Dakota (April 4).

Comments

Popular posts from this blog

Completion