From Deseret News archives:
We are free after we gorge a bit on taxes
That's how it goes when your daughter is preparing for a wedding.
But I'm paying less for the bride and all her bridesmaids than I am this year in federal, state and local taxes. That says less about the cost of weddings than it does about taxes.
A change of perspective can make a big difference in how we view things. Instead of just glancing at the deductions on your paycheck stub or adding numbers on your tax returns, look at it this way:
In any given eight-hour work day, you spend an average of two hours and 28 minutes working just to pay that day's share of taxes of every kind. In comparison, you work 17 minutes to afford clothing and accessories, 46 minutes for food, one hour and 19 minutes for housing costs and one hour and six minutes for medical care.
Obesity is a national epidemic, and yet we spend far less than a lunch break each day working to pad our waistlines. Instead, we're gorging ourselves on taxes.
This year, national Tax Freedom Day will be April 23. The good news is this is three days earlier than last year, mainly because of the rebates coming soon. The bad news is it's a lot later than in 1900, when Tax Freedom Day came on Jan. 22. If you want an even different perspective, consider that taxes will suck up 30.8 percent of all income earned in this country this year. In 1900, they took 5.9 percent.
The foundation calculates freedom day by state, as well. In Utah, it comes April 21 this year. That represents the 17th highest tax burden in the nation and a lot later than Alaska's March 29.
If you're really into numbers, the annual report gets specific about types of taxes. You work 12 days to afford property taxes, 16 days for sales and excise taxes and a whopping 42 days for federal and state income taxes (which makes all the fuss about property taxes seem a bit misplaced). The entire report is available at www.taxfoundation.org.
Of course, there is yet another perspective to all this, and that has to do with the services those taxes buy. That is, of course, the arena in which the real fights begin.
Recent comments
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