Tax Freedom Day
The Tax Freedom Day ( German: Selbsteinkommenschwellentag or Staatsverbindlichkeitenbefreiungstag ) denotes the first day of the year on which the average taxpayer a country no longer have to earn to pay his tax money. The concept was developed by the Tax Foundation based in Washington, DC as an illustration of the tax burden of an economy and government spending.
To calculate all the tax revenue of a country divided by the total income of the population of a country. This gives the percentage of the tax burden of the national income. This value reflects the average tax burden on the economy as a whole. It is converted to illustrate in days from the New Year. Various institutes and think tanks have taken up the concept and calculated for your country the Tax Freedom Day.
Germany
See taxpayer Remembrance
Great Britain
In the UK falls of Tax Freedom Day 2006, according to the Adam Smith Institute on June 3. The calculations for the last forty years:
1963 April 24, 1985 June 11 1964 April 23, 1986 June 7 1965 April 27, 1987 June 4 1966 May 2, 1988 June 4 1967 May 11, 1989 June 2 1968 May 17, 1990 June 1 1969 May 22, 1991 June 2 1970 May 26 1992 May 28 1971 May 20 1993 May 21 1972 May 13 1994 May 22 1973 May 12 1995 May 26 1974 May 28 1996 May 24 1975 June 2, 1997 May 25 1976 May 30 1998 May 28 1977 May 28, 1999 June 3 1978 May 23, 2000 June 3 1979 May 25, 2001 June 4 1980 June 5, 2002 May 26 1981 June 14, 2003 May 25 1982 June 15, 2004 May 27 1983 June 12, 2005 May 31 1984 June 11 2006 June 3 source:
United States
In the U.S., Tax Freedom Day 2006 falls according to the Tax Foundation on April 26. According to a historical low of the date 2003 and 2004 with the date April 16, the tax burden has risen again. Due to the federal tax system, the load varies from state to state. The date from 1990:
1990 April 20 1991 April 19 1992 April 19 1993 April 20 1994 April 21 1995 April 23 1996 April 24 1997 April 26 1998 April 27 1999 April 28 2000 May 3 2001 April 30 2002 April 20 2003 April 16 2004 April 16 2005 April 23 2006 April 26 source:
Canada
In Canada, came to rest on June 26, according to the Fraser Institute of Tax Freedom Day 2005. For 2006, the conservative think tank offers a personal computer, which calculated according to income and place of residence the Tax Freedom Day.
Switzerland
In Switzerland, Tax Freedom Day was calculated by the tax authorities of the Federation. It is located in 2006 on the 19th of April. At the beginning of the nineties, the Tax Freedom Day was still early April. The date is the main reason so deeply in Switzerland, because the premiums for social insurance to private funds go and therefore not included in the calculation, although this is also is compulsory levies.
Criticism
You to consider that it does not give the average tax payer Some critical voices. Because of tax progression in the high income come Tax Freedom Day to a later date when he was actually for most taxpayers, and so gives the impression of a very high tax burden.
A comparison between different States does not consider the fact that the tax-financed benefits for the citizens differ greatly. It is considered only the cost side, the benefit side is hidden.
Also criticized the concept of negligible net income and show only the tax burden and negligible capital gains.