Tax Freedom Day 2017 is April 23

By Michael W. Chapman | April 18, 2017 | 11:00 AM EDT

(CNSNews.com) -- Americans will have to work to April 23 -- 113 days into the year -- to pay for all the federal, state, and local taxes government will take in 2017, according to the Tax Foundation.  It is what the non-profit group calls Tax Freedom Day, when Americans have worked enough to cover all the nation's taxes for the year.

In 2017, Americans will pay $3.5 trillion in federal taxes and $1.6 trillion in state and local taxes, "a total bill of more than $5.1 trillion, or 31% of the nation's income," reported the Tax Foundation. 

That $5.1 trillion-plus in taxes is more than what Americans will spend in total on food, clothing, and housing combined. 

Total tax burdens per resident vary from state to state. Some states already have paid off their total tax burden while others will not do so until May 21 (Connecticut). The top ten states with the earliest Tax Freedom Days (some states tied) are:

1. Mississippi, April 5

2. Tennessee, April 7

3. South Dakota, April 8

4. New Mexico, April 9

5. Alabama, April 9

6. Alaska, April 10

7. Louisiana, April 10

8. South Carolina, April 11

9. Kentucky, April 11

10. Oklahoma, April 11

 

 

Michael W. Chapman
Michael W. Chapman
Michael W. Chapman