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Sunday, April 06, 2008
Tax-Free Day
So, we all hear how expensive it is to live in New Jersey - how high the property taxes are, etc. And I live this reality every day being somewhat stuck here for now - it's not that easy to pick up and move out of state. Believe me, I wish it were.
But there's nothing like have it pointed out again just how expensive and over the top taxed you are.
Tax-Free Day - the day of the year that the average person stops working to pay the government and starts working for themselves. The average Tax-Free day for the country is April 23rd - meaning that basically, the money you make from January 1st to April 23rd all goes to the government. After that, it's all yours - aren't you lucky. Then there is New Jersey. OUR Tax-Free Day is May 7th - 2 weeks later. We have to work an extra 14 days to pay all our taxes. Bet that's making the guys in Trenton feel all warm inside!
But there's nothing like have it pointed out again just how expensive and over the top taxed you are.
Tax-Free Day - the day of the year that the average person stops working to pay the government and starts working for themselves. The average Tax-Free day for the country is April 23rd - meaning that basically, the money you make from January 1st to April 23rd all goes to the government. After that, it's all yours - aren't you lucky. Then there is New Jersey. OUR Tax-Free Day is May 7th - 2 weeks later. We have to work an extra 14 days to pay all our taxes. Bet that's making the guys in Trenton feel all warm inside!
2 Comments:
Enjoy your day!
And this doesn’t even tell the whole story. There is the hidden corporate taxes embedded in every product you buy. There is the “employer’s share” of payroll taxes (fica, medicare, etc.) paid with money you earned but never see. These kinds of backdoor taxes are designed to camouflage how much you really pay. When you add it all up, the average American pays 52% of his income in taxes, according to one estimate I read. That means that it’s not until the second half of the year that you are free from the “government of the people.” Have a nice day!
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