Tax Freedom Day arrives one day early in Pa.

By - Last modified: April 15, 2013 at 9:38 AM

Back to Top Comments Email Print

Today may be tax day – the deadline to file federal tax returns, but it won't be until Wednesday, April 17 that most Pennsylvanians will have worked enough to pay off this year's tax obligations at the federal, state and local levels, according to the Washington, D.C.-based Tax Foundation.

That's one day earlier than the national date for all Americans, which the foundation has said is April 18.

"This year, Americans will pay $2.764 trillion in federal taxes and $1.459 trillion in state-local taxes out of $14.366 trillion in income, for a 29.4 percent tax bill," said economist Will McBride. "That means taxpayers will pay more in taxes in 2013 than they will spend on food, clothing and housing combined."

The foundation said that, historically, the date for Tax Freedom Day has fluctuated significantly. The latest date was May 1 in 2000.

A century earlier, in 1900, Americans paid only 5.9 percent of their income in taxes – making Tax Freedom Day Jan. 22.

Stacy Wescoe

Stacy Wescoe

Writer and online editor Stacy Wescoe has her finger on the pulse of the business community in the Greater Lehigh Valley and keeps you up-to-date with technology and trends, plus what coworkers and competitors are talking about around the water cooler — and on social media. She can be reached at stacyw@lvb.com or 610-807-9619, ext. 104. Follow her on Twitter at @morestacy and on Facebook. Circle Stacy Wescoe on .

advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy

Advanced search
Sponsored by
advertisement
  
  
advertisement
  
  
advertisement
Back to Top