A Nation In Distress

A Nation In Distress

Friday, August 12, 2011

The Cost Of Government Day 2011

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.












No comments:

Post a Comment