Sunday San Diego…Tax Freedom, Quote of the Week, Notepads & Blackberries, and More
Rider on Tax Freedom Day… The ever-analytical Richard Rider sends along some info from the Tax Foundation on Tax Freedom Day (TFD), and he focuses particularly on California. We’re losing ground (no surprise there), with this year’s TFD on April 30 butCA’s a week later.
TFD, of course, is the symbolic day upon which the average person would have paid all their taxes for the year, with the balance of the year their income to keep to themselves, if we paid taxes that way, of course. Given CA is one of the worst state’s in the nation, this info is of particular interest considering the legislature is once again considering an a "softening" of Prop 13.
Rider’s take:
Bad news — we Americans work two more days this year than last, with the nationwide Tax Freedom Day this year being 30 April, 2007. After some tax relief in the early part of the decade, thanks to desperately needed tax cuts (too bad spending mushroomed at the same time), the tax burden is once again rapidly growing.
For Californians, the news is even worse.… Read More