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The Tax Foundation has determined that April 23 is "the day on which Americans have earned enough money to pay all their federal, state and local taxes for the year." Iowa's Tax Freedom day comes a bit earlier, on April 16, which I will celebrate by taking the day off. The earliest Tax Freedom day is March 29, in Alaska, while the latest is May 8, in Connecticut.
To put it in perspective, the Tax Foundation compares your tax expenses to other normal expenses:

See you April 16!
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
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