From The CATO Institute:
Budget & Taxation
Cost of Government Day 2011
by Jacob Feldman
Americans for Tax Reform
August 12, 2011
Every year, the Americans for Tax Reform Foundation and the Center for Fiscal Accountability calculate Cost of Government Day. This is the day on which the average American has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state, and local levels. In 2011, Cost of Government Day falls on August 12. Working people must toil 224 days out of the year just to meet all costs imposed by government, a full 27 days longer than 2008. In other words, in 2011 the cost of government consumes 61.42 percent of national income.
Budget & Taxation
Cost of Government Day 2011
by Jacob Feldman
Americans for Tax Reform
August 12, 2011
Every year, the Americans for Tax Reform Foundation and the Center for Fiscal Accountability calculate Cost of Government Day. This is the day on which the average American has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state, and local levels. In 2011, Cost of Government Day falls on August 12. Working people must toil 224 days out of the year just to meet all costs imposed by government, a full 27 days longer than 2008. In other words, in 2011 the cost of government consumes 61.42 percent of national income.
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