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Tax Freedom Day

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. Tax Freedom Day is calculated by the Tax Foundation and encompasses income tax, sales tax and property tax.

On a National Basis, Tax Freedom Day this year is April 16, 2019.

For Californians, Tax Freedom Day this year is April 20 2019 which means you work 3.5 a year just to pay your taxes.

For the full report from the Tax Foundation, click here.

Richard Pon CPA, CFP