Editing Tax Freedom Day

{{Short description|First day of the year on which a nation as a whole has earned enough income to pay its taxes}}
{{distinguish|Tax Day}}
{{Use mdy dates|date=July 2021}}
[[File:20250426 Tax Freedom Day (US).svg|thumb| In the US, the tax burden surged in the 20th century but abated in the 21st century.<ref name=TaxFreedomDay>
* Data through 2006: {{Cite web |url=http://www.taxfoundation.org/taxdata/show/386.html |title=Tax Freedom Day and Tax Burden, 1900–2006 |publisher=The Tax Foundation |archive-date=May 15, 2006 |archive-url=https://web.archive.org/web/20060515062436/http://www.taxfoundation.org/taxdata/show/386.html |url-status=dead }}
* Data for 2019: {{Cite web|url=https://taxfoundation.org/tax-freedom-day-2019/ |title = Tax Freedom Day 2019 is April 16th|date = 2019 |publisher=The Tax Foundation |archive-url=https://web.archive.org/web/20201117143145/https://taxfoundation.org/tax-freedom-day-2019/ |archive-date=November 17, 2020 |url-status=dead}}
* Data for 2024: {{cite web |title=Happy Tax Freedom Day, America! |url=https://www.adamsmith.org/blog/tax-spending/happy-tax-freedom-day-america |publisher=Adam Smith Institute |archive-url=https://web.archive.org/web/20250426204033/https://www.adamsmith.org/blog/tax-spending/happy-tax-freedom-day-america |archive-date=26 April 2025 |date=June 2014 |quote=Tax Freedom Day in the United States is calculated by The Tax Foundation. |url-status=live}} (The "out of date" warning on the Adam Smith webpage refers to UK data that is not relevant to this chart for the United States.</ref>]]
'''Tax Freedom Day''' is a concept developed and trademarked by American businessman Dallas Hostetler, which aims to calculate the first day of the year on which a nation as a whole has theoretically earned enough income to pay its taxes. Every dollar that is officially considered income by the government is counted, and every payment to the government that is officially considered a tax is counted. Taxes at all levels of government – local, state and federal – are included.

== History and methodology ==
The concept of Tax Freedom Day was developed in 1948 by Florida businessman Dallas Hostetler, who trademarked the phrase "Tax Freedom Day" and calculated it each year for the next two decades.<ref>[[Madsen Pirie]], ''Think Tank: A Story of the Adam Smith Institute'', [[Biteback Publishing]], 2012, p. 168</ref> In 1971, Hostetler retired and transferred the trademark to the [[Tax Foundation]].<ref>[http://tess2.uspto.gov/bin/gate.exe?f=searchss&state=4004:unant9.1.1 U.S. Patent and Trademark Office, "Tax Freedom Day"]{{Dead link|date=January 2021 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>{{better source needed|date=February 2022}}

==United States==
{{See also|Taxation in the United States}}
In the United States, the "Tax Freedom Day" is annually calculated by the [[Tax Foundation]], a Washington, D.C.–based think tank. Their results are as follows:
{| class="wikitable sortable mw-collapsible" style="text-align: right"
|+ Tax Freedom Days in the U.S. since 1900:<ref>{{Cite web |url=http://www.taxfoundation.org/taxdata/show/386.html |title=The Tax Foundation – Tax Freedom Day and Tax Burden, 1900–2010<!-- Bot generated title --> |access-date=April 27, 2006 |archive-date=May 15, 2006 |archive-url=https://web.archive.org/web/20060515062436/http://www.taxfoundation.org/taxdata/show/386.html |url-status=dead }}</ref><ref>{{Cite web|url=https://taxfoundation.org/tax-freedom-day-2019/|title = Tax Freedom Day 2019 is April 16th|date = April 10, 2019 |publisher=The Tax Foundation |archive-url=https://web.archive.org/web/20201117143145/https://taxfoundation.org/tax-freedom-day-2019/ |archive-date=November 17, 2020 |url-status=dead}}</ref>
! scope="col" | Year
! scope="col" width="68" | Tax Freedom Day
! scope="col" width="40" | Tax Burden
|-
| 1900|| January 22 ||5.9%
|-
| 1910|| January 19 ||5.0%
|-
| 1920|| February 13 ||12.0%
|-
| 1930|| February 12 ||11.7%
|-
| 1940|| March 7 ||17.9%
|-
| 1950|| March 31 ||24.6%
|-
| 1960|| April 11 ||27.7%
|-
| 1970|| April 19 ||29.6%
|-
| 1980|| April 21 ||30.4%
|-
| 1990|| April 21 ||30.4%
|-
| 2000|| May 1 ||33.0%
|-
| 2010|| April 9 ||26.9%
|-
| 2011|| April 12 ||27.7%
|-
| 2012|| April 13 ||29.2%
|-
| 2013|| April 18 ||29.4%
|-
| 2014|| April 21 ||30.2%
|-
| 2015|| April 24 || 31.2%
|-
| 2016|| April 22 || 30.9%
|-
| 2017|| April 23 || 30.9%
|-
| 2018|| April 19 || 29.7%
|-
| 2019|| April 16 || 29.0%
|}

==Around the world==
Many other companies and organizations in countries throughout the world now produce their own "Tax Freedom Day" analysis. According to the Tax Foundation, Tax Freedom Day reports are currently being published in eight countries. Due to the different ways that nations collect and categorize public finance data, however, Tax Freedom Days are not necessarily directly comparable from one country to another.

{| class="wikitable sortable"
|+ Tax Freedom Days for countries by date
! Country !! Day of year !! % burden !! Date of year !! Updated !! Source
! class="unsortable"| {{Refh}}
|-
|Switzerland  || 121 || 33% || May 1|| 2015 || [[Deloitte]] || <ref>[http://www2.deloitte.com/cz/en/pages/about-deloitte/articles/cze-tz-den-danove-svobody-22-cervna.html] {{Webarchive|url=https://web.archive.org/web/20160625153911/http://www2.deloitte.com/cz/en/pages/about-deloitte/articles/cze-tz-den-danove-svobody-22-cervna.html|date=June 25, 2016}}</ref>
|-
|India  || 74 || 20% || March 14|| 2000 || [[Centre for Civil Society]] || <ref>{{cite web | url=http://www.ccsindia.org/index.asp | archive-url=https://web.archive.org/web/20060427033309/http://www.ccsindia.org/index.asp | archive-date=April 27, 2006 | title=Centre for Civil Society }}</ref>
|-
|Australia || 110 || 29% || April 20|| 2024 || [[Centre for Independent Studies]] || <ref>{{cite web | url=https://www.cis.org.au/publication/the-truth-about-the-tax-burden/ | title=The Truth About the Tax Burden | date=April 3, 2024 }}</ref><ref>{{cite web | url=https://www.cis.org.au/commentary/articles/tax-freedom-day-2019-is-april-17-extra-day-of-tax-burden-added-since-2018/ | title=Tax Freedom Day 2019 is April 17: Extra day of tax burden added since 2018 | date=April 16, 2019 }}</ref>
|-
|United States || 114 || 31% || April 24|| 2015 || [[Tax Foundation]] || <ref>{{cite web | url=http://www.taxfoundation.org/taxfreedomday/ | archive-url=https://web.archive.org/web/20060423204907/http://www.taxfoundation.org/taxfreedomday/ | archive-date=April 23, 2006 | title=The Tax Foundation - America Celebrates Tax Freedom DayŽ }}</ref>
|-
|Estonia  || 114 || 31% || April 24|| 2007 || [[Eesti Maksumaksjate Liit (Estonian Taxpayers Association)]]  || <ref>{{cite web | url=http://www.maksumaksjad.ee/modules/news/article.php?storyid=651/ | title=Maksu-uudised }}</ref>
|-
|Lithuania  || 128 || 35% || May 15|| 2015 || [[Lithuanian Free Market Institute]] || <ref>[http://www.freema.org/]</ref>
|-
|Spain  || 181 || 50% || June 30|| 2016 || [[Foundation for the Advancement of Liberty]] and Spanish [[Taxpayers' Union]] ||<ref>{{Cite web|url=http://www.fundalib.org/wp-content/uploads/2016/05/InformeDLF2016.pdf|title=Tax Freedom Day 2016|last=Berechet|first=Cristina|date=May 24, 2016|website=Foundation for the Advancement of Liberty|publisher=Foundation for the Advancement of Liberty & Spanish Taxpayer's Union}}{{Dead link|date=June 2018 |bot=InternetArchiveBot |fix-attempted=no }}</ref>
|-
|Uruguay  || 133 || 39% || May 13|| 2010 || [[CPA Ferrere]] || <ref>{{cite web | url=http://www.cpa.com.uy/ | archive-url=https://web.archive.org/web/20140218004721/http://www.cpa.com.uy/ | archive-date=February 18, 2014 | title=Consultoría Económica y Financiera, Impuestos y Auditoría - CPA Ferrere }}</ref>
|-
|Hungary  || 140 || 38%<sup>*</sup> || May 20|| 2008 || [[Hungarian Central Statistic Institute]] || <ref>{{cite web | url=http://www.hirado.hu/cikk.php?id=280186 | archive-url=https://web.archive.org/web/20100607010635/http://www.hirado.hu/cikk.php?id=280186 | archive-date=June 7, 2010 | title=Hirado.hu }}</ref>
|-
|New Zealand  ||127||35%*||May 7||2018|| [[Staples Rodway]] || <ref>{{cite web | url=https://www.stuff.co.nz/business/money/92335535/tax-freedom-day-has-arrived-and-so-has-the-time-to-talk-about-tax-fairness | title=Stuff }}</ref><ref>{{cite web | url=https://www.stuff.co.nz/business/103660283/tax-freedom-day-now-youre-working-for-yourself | title=Stuff }}</ref>
|-
|South Africa  || 141 || 39% || May 22|| 2014 || [[Free Market Foundation]] || <ref>[http://www.freemarketfoundation.com/]</ref>
|-
|Bulgaria  || 124 || 36% || May 4|| 2018 || [[Radio Bulgaria]] || <ref>{{cite web | url=http://bnr.bg/en/post/100914889/in-2018-we-shall-work-4-months-for-the-state-institute-for-market-economics | title=Tax Freedom Day in Bulgaria falls on 4 May 2018: Institute for Market Economics }}</ref>
|-
|United Kingdom  || 161 || 41% || June 10||2024||[[Adam Smith Institute]]||<ref>{{Cite web|url=https://www.adamsmith.org/taxfreedomday/|title=Tax Freedom Day|website=Adam Smith Institute|language=en-GB|access-date=June 10, 2024}}</ref><ref>{{cite web | url=https://www.adamsmith.org/news/tax-freedom-day-tax-burden-is-the-highest-since-current-records-began | title=Tax Freedom Day: Tax Burden is the Highest Since Current Records Began | work=Adam Smith Institute }}</ref>
|-
|Brazil  || 153 || 41% || May 31|| 2014 || [[Instituto Brasileiro de Planejamento Tributario]] || <ref>{{Cite web |url=http://www.ibpt.org.br/ |title=IBPT: Instituto Brasileiro de Planejamento e Tributação |access-date=May 26, 2014 |archive-date=May 31, 2014 |archive-url=https://web.archive.org/web/20140531181228/https://www.ibpt.org.br/ |url-status=dead }}</ref>
|-
|Slovakia  || 155 || 42% || June 5|| 2017 || [[Nadácia F.A.Hayeka]] || <ref>[http://www.hayek.sk/]</ref>
|-
|Canada  || 164 || 45% || June 14|| 2019 ||[[Fraser Institute]] || <ref>{{cite web | url=https://www.fraserinstitute.org/article/june-14-is-tax-freedom-day-in-canada-but-dont-pop-the-champagne-yet | title=June 14 is Tax Freedom Day in Canada—but don't pop the champagne yet &#124; Fraser Institute }}</ref>
|-
|Belarus || 135 || 37% || May 15|| 2016 || [[The Public Association «Discussion and Analytical Society Liberal Club»]] || <ref>[http://liberalclub.biz/wp-content/uploads/2016/05/TFD_2016_LC-1.pdf]{{Dead link|date=January 2021|bot=InternetArchiveBot|fix-attempted=yes}}</ref>
|-
|Croatia  || 161 || 44% || June 10|| 2010 || Adriatic Institute for Public Policy || <ref>{{cite web | url=http://adriaticinstitute.org/?action=news&id=86 | title=International Leaders Summit }}</ref>
|-
|Czech Republic || 162 || 44% || June 6|| 2024 || [[Liberální Institut|Liberální institut]]|| <ref>{{Cite web |url=http://libinst.cz/den-danove-svobody-v-ceske-republice-pripada-na-29-kvetna/ |title=Archived copy |access-date=May 28, 2017 |archive-date=November 23, 2024 |archive-url=https://web.archive.org/web/20241123034446/https://www.dendanovesvobody.cz/tiskove-zpravy/den-danove-svobody-2024/ |url-status=dead }}</ref>
|-
|Slovenia  || 164 || 37% || June 13|| 2015 || [[Svetilnik]] || <ref>[http://en.svetilnik-slovenija.org/publications/2015/tax-freedom-day] {{Webarchive|url=https://web.archive.org/web/20150623145905/http://en.svetilnik-slovenija.org/publications/2015/tax-freedom-day|date=June 23, 2015}}</ref>
|-
|Belgium || 218 || 54% || August 6|| 2018 || [[Institut économique Molinari (IEM)]] || <ref>[http://www.institutmolinari.org/la-pression-sociale-et-fiscale,3426.html] {{Webarchive|url=https://web.archive.org/web/20181220230459/http://www.institutmolinari.org/la-pression-sociale-et-fiscale,3426.html|date=December 20, 2018}}</ref>
|-
|Greece  || 169 || 46% || June 19|| 2012 || [[Φορολογικό Παρατηρητήριο, Κέντρο Φιλελεύθερων Μελετών – Μάρκος Δραγούμης]]  || <ref>{{cite web | url=http://www.libertyforum.gr/activity/publishing/182--tax-freedom-day | archive-url=https://web.archive.org/web/20140331035527/http://www.libertyforum.gr/activity/publishing/182--tax-freedom-day | archive-date=March 31, 2014 | title=Μελέτη: Ημέρα Φορολογικής Ελευθερίας }}</ref>
|-
|Poland  || 156 || 43% || June 6|| 2018 || [[Centrum im. Adama Smitha]] || <ref>{{cite web | url=http://smith.pl/artykuly/dzien-wolnosci-podatkowej-2018-0 | archive-url=https://web.archive.org/web/20180916190935/http://smith.pl/artykuly/dzien-wolnosci-podatkowej-2018-0 | archive-date=September 16, 2018 | title=DZIEŃ WOLNOŚCI PODATKOWEJ 2018 &#124; Centrum im. Adama Smitha }}</ref>
|-
|Germany  || 192 || 52% || July 11|| 2015 || [[Bund der Steuerzahler]]  || <ref>{{cite web | url=http://www.steuerzahler.de/Von-1-Euro-bleiben-nur-476-Cent/65996c76569i1p1520/index.html | archive-url=https://web.archive.org/web/20160625222912/http://www.steuerzahler.de/Von-1-Euro-bleiben-nur-476-Cent/65996c76569i1p1520/index.html | archive-date=June 25, 2016 | title=Bund der Steuerzahler - von 1 Euro bleiben nur 47,6 Cent }}</ref>
|-
|Israel  || 197 || 54% || July 14 || 2013 || [[Jerusalem Institute for Market Studies]] || <ref>{{cite web | url=http://www.jims-israel.org/TFD2013.aspx | archive-url=https://web.archive.org/web/20130913073944/http://www.jims-israel.org/TFD2013.aspx | archive-date=September 13, 2013 | title=Top Game Bài Đổi Thưởng UK: Chơi Thử Trúng Thưởng Lớn 💰 }}</ref>
|-
|Turkey  || 194 || 53% || July 14|| 2012 || [[Liberal Democratic Party (Turkey)|Liberal Democratic Party]] || <ref>[http://www.ldp.org/14-temmuz-vergiden-kurtulus-gunu-kutlu-olsun/] {{Webarchive|url=https://web.archive.org/web/20131020234847/http://www.ldp.org/14-temmuz-vergiden-kurtulus-gunu-kutlu-olsun/|date=October 20, 2013}}</ref>
|-
|Norway  || 210 || 57% || July 29|| 2007 || [[Skattebetalerforeningen]] || <ref>[http://www.skattebetalerforeningen.no]</ref>
|-
|France || 208 || 57% || July 27|| 2018 || [[Institut économique Molinari (IEM)]] || <ref>[http://www.institutmolinari.org/la-pression-sociale-et-fiscale,3426.html] {{Webarchive|url=https://web.archive.org/web/20181220230459/http://www.institutmolinari.org/la-pression-sociale-et-fiscale,3426.html|date=December 20, 2018}}</ref>
|-
|Bosnia and Herzegovina || 161 || 44% || June 10|| 2017 || [[Centre for Policy and Governance «Centar za politike i upravljanje»]] || <ref>[http://mojporez.ba] {{Webarchive|url=https://web.archive.org/web/20180517223622/http://mojporez.ba/|date=May 17, 2018}}</ref>
|-
|Austria  || 216 || 59% || August 5 || 2019 || [[Austrian Economics Center]] || <ref>[https://www.hayek-institut.at/tax-freedom-day-2019/]</ref>
|-
|Italy  || 153 || 42% || June 2 || 2018 || CGIA || <ref>{{cite web | url=https://quifinanza.it/fisco-tasse/tasse-un-2-giugno-che-somiglia-al-25-aprile-giorno-di-liberazione-fiscale/170895/ | title=Fisco e Tasse }}</ref>
|-
|Mexico
|177
|48.6%
|June 25
|2024
|Caminos de la Libertad
|<ref>{{cite web | url=https://www.centroricardobsalinaspliego.org/cdl-actualidad/dia-de-la-libertad-fiscal-2024/ | title=Caminos de la libertad &#124; Día de la libertad fiscal 2024 }}</ref>
|}

===European Union===

A 2010 study published in L'Anglophone,<ref>{{Cite web |url=http://www.langlophone.com/20100526_edition/20100526_EU27_data_table_flipped.pdf |title=Wages and Taxes for the Average Joe in the EU 27 |access-date=June 8, 2010 |archive-date=October 16, 2011 |archive-url=https://web.archive.org/web/20111016173712/http://www.langlophone.com/20100526_edition/20100526_EU27_data_table_flipped.pdf |url-status=dead }}</ref> a Brussels newspaper, compared the tax burdens of "Average Joes" in each of the 27 EU member states and projected the Tax Freedom Day for workers earning a typical wage. Income taxes, social security contributions (by the employee and the employer) and projected VAT contributions were included in the calculations.

Regarding the discrepancy between their calculation of August 3 as the typical Belgian worker's Tax Freedom Day and that of PriceWaterhouseCoopers (PWC), L'Anglophone's authors wrote:<ref>{{Cite web |url=http://www.langlophone.com/fullbn.php?id=419 |title=Belgian Workers' Wages are Highest-Taxed in Western Europe |access-date=June 8, 2010 |archive-date=June 14, 2010 |archive-url=https://web.archive.org/web/20100614021100/http://www.langlophone.com/fullbn.php?id=419 |url-status=dead }}</ref>
{{Blockquote|[PWC's] figures count revenue from all taxes (including those on corporate profits, petrol, cigarettes, &c.) and thus present a more complete picture of the country’s total tax burden," adding that it is "an average applied to all Belgians – not all Belgian workers; in 2008, less than half of Belgium’s population (4.99 million working out of 10.67 million citizens) was legally working. Consequently, a huge share of Belgium’s tax burden is borne by the working population.}}

{| class="wikitable sortable"
|+ 2010 Tax Freedom Days for the "Average Joe" in the European Union, as published in L'Anglophone
! Country !! Day of year !! % burden !! class="unsortable" |Date of year
|-
|Austria || 191 || 52% || July 10
|-
|Belgium || 215 || 59% || August 3
|-
|Bulgaria || 145 || 40% || May 25
|-
|Cyprus  || 72 || 19% || March 13
|-
|Czech Rep.  || 165 || 45% || June 14
|-
|Denmark  || 168 || 46% || June 17
|-
|Estonia  || 150 || 41% || May 30
|-
|Finland  || 166 || 45% || June 15
|-
|France  || 207 || 56% || July 26
|-
|Germany  || 200 || 55% || July 19
|-
|Greece  || 164 || 45% || June 13
|-
|Hungary  || 218 || 59% || August 6
|-
|Ireland  || 117 || 32% || April 27
|-
|Italy  || 169 || 46% || June 18
|-
|Latvia  || 161 || 44% || June 10
|-
|Lithuania || 167 || 45% || May 20
|-
|Luxembourg || 135 || 37% || May 15
|-
|Malta  || 99 || 27% || April 9
|-
|Netherlands  || 184 || 50% || July 3
|-
|Poland  || 160 || 44% || June 9
|-
|Portugal  || 150 || 41% || May 30
|-
|Romania  || 178 || 49% || June 27
|-
|Slovakia || 167 || 46% || June 16
|-
|Slovenia || 164 || 45% || June 13
|-
|Spain  || 136 || 37% || May 16
|-
|Sweden  || 181 || 49% || June 30
|-
|United Kingdom  || 134 || 36% || May 13
|-
|}

==Criticism==
In the book ''[[Filthy Lucre: Economics for People Who Hate Capitalism]]'', philosopher [[Joseph Heath]] criticizes the idea that tax-paying is inherently different from consumption:
<blockquote>
It would make just as much sense to declare an annual "mortgage freedom day", in order to let mortgage owners know what day they "stop working for the bank and start working for themselves". ...But who cares? Homeowners are not really "working for the bank"; they're merely financing their own consumption. After all, they're the ones living in the house, not the bank manager.<ref>{{cite book|last=Heath|first=Joseph|title=[[Filthy Lucre (book)|Filthy Lucre]]|pages=90}}</ref>
</blockquote>

===Mathematical===
For Canada, the [[Fraser Institute]] also includes a "Personal Tax Freedom Day Calculator" that estimates a customized Tax Freedom Day based on additional variables such as age of household head, sex of household head, marital status and number of children. However, the Fraser Institute's figures have been disputed. For example, a 2005 study by [[Osgoode Hall Law School|Osgoode Hall Law]] Professor Neil Brooks<ref>{{citation |url=http://www.osgoode.yorku.ca/faculty/neilbrooks.html |institution=Osgoode Hall |title=Professor Neil Brooks |year=2005 |access-date=December 11, 2005 |url-status=dead |archive-url=https://web.archive.org/web/20051216161715/http://www.osgoode.yorku.ca/faculty/neilbrooks.html |archive-date=December 16, 2005 }}</ref> argued that the Fraser Institute's Tax Freedom Day analysis includes flawed accounting, including the exclusion of several important forms of income and overstating tax figures, moving the date nearly two months later.<ref name="fn_1">{{citation|url=http://www.policyalternatives.ca/sites/default/files/uploads/publications/National_Office_Pubs/2005/tax_freedom_day.pdf |title=Tax Freedom Day – A Flawed, Incoherent, and Pernicious Concept |date=June 5, 2005 |access-date=August 16, 2016}}</ref>

In America, while Tax Freedom Day presents an "average American" tax burden, it is not a tax burden typical for an American. That is, the tax burdens of most Americans are substantially overstated by Tax Freedom Day. The larger tax bills associated with higher incomes increases the average tax burden above that of most Americans.

The [[Tax Foundation]] defends its methodology by pointing out that Tax Freedom Day is the U.S. economy's overall average tax burden—not the tax burden of the "average" American, which is how it is often misinterpreted by members of the media.<ref>{{Cite web|url=http://www.taxfoundation.org/news/show/1406.html|title = Tax Foundation}}</ref> Tax Foundation materials do not use the phrase "tax burden of the average American", although members of the media often make this mistake.<ref>{{Cite web |url=http://www.taxfoundation.org/taxfreedomday/ |title=The Tax Foundation – America Celebrates Tax Freedom Day<!-- Bot generated title --> |access-date=April 27, 2006 |archive-url=https://web.archive.org/web/20060423204907/http://www.taxfoundation.org/taxfreedomday/ |archive-date=April 23, 2006 |url-status=dead }}</ref>

Another criticism is that the calculation includes [[capital gain]]s taxes but not capital gains income, thus overstating the tax burden. For example, in the late 1990s the US Tax Freedom Day moved later, reaching its latest date ever in 2000, but this was largely due to capital gains taxes on the bull market of that era rather than an increase in tax rates. In other words, variations in capital gains income and their associated taxes cause changes in the amount of taxes, but not in the income used in the calculation of Tax Freedom Day.

The Tax Foundation argues that the Tax Freedom Day calculation does not include capital gains as income because it uses income and tax data directly from the [[Bureau of Economic Analysis]] (BEA). BEA has never counted [[capital gain]]s as income since they don't represent current production available to pay taxes, and so the Tax Foundation excludes them as well. Additionally, the Tax Foundation argues that the exclusion of capital gains income is irrelevant in most years since including capital gains would only shift Tax Freedom Day by 1 percent in either direction in most years.<ref>{{Cite web|url=http://www.taxfoundation.org/news/show/1406.html|title = Tax Foundation}}</ref> A 1 percent change would represent 3.65 days. From 1968 to 2019 the date has never left the 21-day range of April 13 to May 3.

== See also ==
* [[Earth Overshoot Day]]
* [[Equal Pay Day]]
* [[Government spending]]
* [[Laffer curve]]
* [[List of countries by tax rates]]
* [[List of countries by tax revenue as percentage of GDP]]
* [[Rahn curve]]

==Notes==
{{Reflist}}

== External links ==
* [https://web.archive.org/web/20060423204907/http://www.taxfoundation.org/taxfreedomday/ Tax Foundation's Tax Freedom Day] (US only)
* [http://actionamerica.org/taxecon/taxfrdmclk.shtml Tax Freedom Day Clock] A live clock that counts the days till/since Tax Freedom Day for USA only.
* [http://actionamerica.org/taxecon/uktaxfrdmclk.shtml Tax Freedom Day Clock (UK)] A live clock that counts the days till/since UK Tax Freedom Day
* Criticism: [http://www.cbpp.org/cms/index.cfm?fa=view&id=2753 Tax Foundation Figures Do Not Represent Typical Households’ Tax Burdens]
** Response to Criticism: [http://www.taxfoundation.org/files/wp3-20080326.pdf Tax Freedom Day: A Description of Its Calculation and Answers to Some Methodological Questions]

[[Category:Tax]]
[[Category:Unofficial observances]]
[[Category:Libertarian terms]]