This is how long it will take Americans to earn enough money to pay its taxes

National
Taxes_1555078259091

CHICAGO – NOVEMBER 1: Current federal tax forms are distributed at the offices of the Internal Revenue Service November 1, 2005 in Chicago, Illinois. A presidential panel today recommended a complete overhaul of virtually every tax law for individuals and businesses. (Photo Illustration by Scott Olson/Getty Images)

WASHINGTON (NEWS10) – The Tax Foundation released its annual Tax Freedom Day report on Tuesday.

Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. This includes all federal, state, local, and other individual taxes.

According to the Tax Foundation, April 16 is the nation’s tax freedom day in 2019. Americans will spend more $3.4 trillion in federal taxes and $1.8 trillion in state and local taxes. The Tax Foundation says the total bill amounts to $5.2 trillion, or 29 percent of the nation’s income.

The following map shows each state’s Tax Freedom Day and overall ranking. 

Mobile users click here to see the map.

 

Last year, Tax Freedom Day was also on April 16. 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Download our news app

Get it on Google Play