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The Tax Foundation has declared tomorrow "Tax Freedom Day" to mark the point in the year when the average American has earned enough to cover all federal, state and local tax obligations.
They also have separate Tax Freedom Days by state. Iowa's date this year was April 21, but you can bet it will be later next year. The last Tax Freedom Day is May 20 in Connecticut.
The TaxProf has more.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to