Tax Freedom Day 2016
April 20th, 2016 by Mike Vasilinda
Today is the first day of the year that we get to keep what we learn for ourselves. Up until now everything that we earned has gone to paying local, state, and federal taxes. Dr. Jerry Parrish of the Florida Chamber says Tax freedom Day came on the same day last year.
“What that means is that if you take all the taxes that Florida families and Florida businesses are going to pay this year, and you divided it into the year, that means that by today, you’ve paid all the state and federal land local taxes. So then the rest of the year, you get to work for your own family” says the Chamber economist.
Floridians pay about 267 billion in total taxes each year, with about 80 billion going to state and local governments.
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