Tax Freedom Day
Tax Freedom Day was May 7th this year. That means every nickel you earned so far this year has gone for taxes. Do they teach that in school? Do kids know that they will work a third of their life just to pay taxes?
Americans pay 5.1 trillion dollars in taxes every year. Here is the scary part, if you add in our 200 trillion plus of unfunded liability you wouldn't keep anything. In 1910 Tax Freedom Day was January 20th. Good luck Graduates of 2017, you're going to need it....