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1 Scott Greenberg, Tax Freedom Day 2017 Is April 23rd 1 (2017)

handle is hein.taxfoundation/txfredmay0001 and id is 1 raw text is: Apr. 2017 Tax Freedom Day 2017 Is April 23rd Scott Greenberg Analyst Key Findings * This year, Tax Freedom Day falls on April 23, 113 days into the year. * Tax Freedom Day is a significant date for taxpayers and lawmakers because it represents how long Americans as a whole have to work in order to pay the nation's tax burden. * Americans will pay $3.5 trillion in federal taxes and $1.6 trillion in state and local taxes, for a total bill of more than $5.1 trillion, or 31 percent of the nation's income. * Americans will collectively spend more on taxes in 2017 than they will on food, clothing, and housing combined. * If you include annual federal borrowing, which represents future taxes owed, Tax Freedom Day would occur 14 days later, on May 7. The Tax Foundation is the nation's leading independent tax policy research organization. Since 1937, our research, analysis, and experts have informed smarter tax policy at the federal, state, and local levels. We are a 501(c)(3) non-profit organization. @2017 Tax Foundation Distributed under Creative Commons CC-BY NC 4.0 Editor, Rachel Shuster Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.org