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April 30 is the day that Americans can stop working to pay the taxman and start working for themselves, according to the Tax Foundation's annual estimate dubbed "Tax freedom day."
Tax freedom day may not literally provide Americans with any relief. But as a point of comparison it is a way to measure changes in the total tax burden of the nation from one year to the next.
This year's tax freedom day comes four days later than it did in 2006, representing the fourth increase in four years. It's taking Americans longer to pay their tax bill, according to the Tax Foundation, primarily because overall income has increased, property taxes are up and the annual cap on wages subject to the Social Security and Medicare tax has also increased
CNN
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