“Tax Freedom Day” fell on April 12 in 2011, three days later than in 2010. According to the Tax Foundation, all the money earned by taxpayers in the first 102 days of 2011 will go to pay their federal, state, and local taxes.
Another statistic from the Tax Foundation: If the government were to collect enough taxes to fund all spending for 2011 (with no deficit), Tax Freedom Day would be May 23, 2011. That’s 41 more days of work to provide the additional $1.48 trillion of revenue needed.
Individual Wealth and Business Profit building services for over 35 years
Hiring an accounting firm is an important decision.
Your choice could mean the difference between success and failure.
You need accountants who know your business, who are compatible with your needs, and who are committed to helping you cut taxes and build your bottom line.
Solid financial advice