Illinois Congressman Peter Roskam (R-6th) hailed Tax Freedom Day in an email where he wrote:
Dear Friend,
From January 1st to April 22nd (113 days), 100% of the income the average American earns will go to pay federal, state, and local taxes in 2008.
Therefore, today is “Tax Freedom Day,” the day on which the average American will start working for anything besides taxes.
To put this into perspective, Tax Freedom Day in 1910 was January 19th, when taxes were just 5% of a person’s income. Now, Tax Freedom Day is three months later, and taxes are nearly 31% of an individual's income.
Despite rising costs of living, Americans still spend more time working to pay taxes to all levels of government than they spend working to pay medical expenses, put food on their tables, and buy clothing combined – and Congress wants to raise your taxes EVEN HIGHER!
Despite my objections, Congress recently passed a $683 billion tax increase on working families and small business entrepreneurs – all to finance wasteful new Washington spending.
In Illinois, this equates to a $3,283 tax increase per person.
Thanks to Roskam for reminding us; and for fighting against the ever increasing taxes on us all.
hat tip: loyal IR reader.
