Contact Us

Today Is ‘Tax Freedom Day’ In Washington State – Now, You Start Earning for Yourself!

Friday Apriil 25th Tax Freedom Day in Washington State
Friday Apriil 25th Tax Freedom Day in Washington State (Photo by Christopher Furlong/Getty Images)

If the tax system were set up like a high-interest mortgage or loan,  until today everything you’ve made would go to the government!

Today is Tax Freedom Day in Washington state.  Everything you’ve made since January 1st through today equals your annual tax burden.   That’s a lot!   It’s similar to a high-interest mortgage or loan.   For some people they spend the first 3-5 years or longer just paying interest alone on their debt.   They don’t start touching the principle until later.

This is kind of like that.  Although the government doesn’t take EVERYTHING up front, if they did,  every dime until today would have gone to them.

The Tax Foundation,  a non-profit watchdog group whose been overseen financial and tax related issues since the 1930′s,  has compiled the list of local, state and federal taxes for all 50 states.   The burden owed by Washintonians is the equivalent, on average, of EVERYTHING you’ve earned on your job since January 1st.

Each year, the day creeps backwards on the calendar a day or two.  This year’s national Tax Freedom Day (the average of all 50 states) was 3 days later than last year.

For example, it took the average American the first 33 days of this year just to satisfy their federal income tax debt, and the it goes on from there.

Washington state has the 9th LATEST tax freedom day, out of 50 states.   States like New York and New Jersey are among the latest, with tax freedom days in May.  And government and public officials are wondering why people are fleeing those states like the Titanic!

Best of Newstalk 870

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://newstalk870.am using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Newsmembers quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Newsmembers contests, events, coupons, presales, and much more delivered to you for FREE.