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Tax Freedom Day

Working longer to pay more taxes

April 16, 2013

Now that you have completed your federal income tax return—and you have, we hope, because it was due to be filed yesterday—you have a few moments to reflect on taxes in general....

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Apr-17-13 11:44 AM

In 2001, our federal government spent $1.9 trillion while revenue was nearly identical at $1.9 trillion. Since then, revenue has reached record levels 3 different years and is project to reach $2.7 trillion dollars in 2013. We don’t have a revenue problem. In that same time period, expenditures have grown by ~ 100% with 2013 spending projected at $3.8 trillion even after the sequester. In the last 5 years alone, expenditures have grown by more than a trillion dollars. Our problem is spending. The simple truth is that those who say we need to tax more don’t know what they are talking about. We need to drastically reduce spending NOW if this nation is to survive.

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Apr-16-13 6:05 AM

If we just counted income tax, tax freedom day was Jan 1 for some people and companies.

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