Tuesday, August 11, 2009

Pennsylvania's Tax and Debt Burden | POLICY POINTS from the Commonwealth Foundation

Useful Information from the Commonwealth Foundation:
"Tax Freedom Day is the day of the calendar year when Americans have finally earned enough money to pay all of their federal, state, and local taxes. The following table shows the dates to which Pennsylvanians had to work in 2009 in order to foot the bill.
In 2009, Pennsylvanians worked 104 days—January 1 to April 14—just to pay their tax bill.
Federal, state, and local taxes consume 28.5% of Pennsylvanians’ income (41% if federal deficit spending is added to the mix)
Overall, Pennsylvanians will spend more of their income on taxes than they will on food, clothing, and housing combined." Visit: Pennsylvania's Tax and Debt Burden | POLICY POINTS from the Commonwealth Foundation:

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