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How much of your workday goes to pay taxes?
The Tax Foundation has put their Tax Freedom Day calculations into an eight-hour workday:
How Long America Works to Pay Taxes in an Eight-Hour Day Compared to Other Major Spending Categories, 2008 |
|
Federal Taxes |
1 hour, 37minutes |
Housing and Household Operation |
1 hour, 19minutes |
Health and Medical Care |
1 hour, 6 minutes |
All Other |
58 minutes |
State/Local Taxes |
51 minutes |
Food |
46 minutes |
Transportation |
38 minutes |
Recreation |
28 minutes |
Clothing and Accessories |
17 minutes |
Source: Tax Foundation