Happy Tax Freedom Day

The tax-filing deadline is still a week away, but today marks “Tax Freedom Day” in Kansas, according to the Tax Foundation, based in Washington, D.C. Tax Freedom Day is when the average citizen will have earned enough money to pay this year’s tax obligations at the federal, state and local levels. Kansans actually fared better than average Americans, whose Tax Freedom Day isn’t until April 18. “This year, Americans will pay $2.764 trillion in federal taxes and $1.459 trillion in state-local taxes out of $14.366 trillion in income, for a 29.4 percent tax bill,” said Tax Foundation economist Will McBride. “That means taxpayers will pay more in taxes in 2013 than they will spend on food, clothing and housing combined.”