Today Is Tax Freedom Day

04.09.10 | FL News Team

It's time to breathe a sign of relief and celebrate. The Tax Foundation has calculated that today is National Tax Freedom Day. Americans have been working since January 1st to scrape up enough money to pay this year's tax obligations at the federal, state and local levels. This year's Tax Freedom Day comes a day later than last year, but more than two weeks earlier than in 2007. The foundation says Tax Freedom Day is calculated by dividing the official government tally of all taxes collected in each year by the official government tally of all income earned each year.