Thursday, July 12, 2012

America Tax Slaves Work 6.5 Months Every Year to Pay for Government

Every year, Americans for Tax Reform publishes its annual study called the Cost of Government Day. It's an incredibly researched and detailed study because it factors in the cost of all government at the federal, state, city and local level.

The Cost of Government Day for 2012 is July 15 which means that folks who work and produce must turn over 6.5 months worth of their wages and earning to various government entitles. It's a fascinating study worth reading.


Highlights from the report are as follows:
Federal Spending

The average American worker will have to labor 88 days just to pay for federal spending, which consumes 24.04 percent of the national income. This is a small improvement from last year, when individuals had to work 91 days, and the previous year, when taxpayers worked 93 days.

State and Local Spending

In 2012, the average American labored 40.04 days to fund state and local spending. This is roughly the same as the number of days worked in 2011; but it is one day more than 2010.

Regulatory Costs

The average American must labor 69 days in 2012 just to cover the costs of government regulations. In 2010 and 2011, laborers had to work 71 days to cover the same costs. 2012 regulations consume about 19 percent of gross domestic product. In 2001, regulations consumed 14 percent of gross domestic product; the gap between 2002 and 2012 represents the largest increase of regulatory burdens yet.
No citizen who has to toil for 6.5 months of the year just to pay the thieving government can possibly call themselves free. In fact, they are government slaves.

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