Happy Tax Freedom Day
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Thread: Happy Tax Freedom Day

  1. #1
    Registered User Array
    Join Date
    Jun 2003

    Happy Tax Freedom Day

    "The state is the great fiction by which everybody seeks
    to live at the expense of everybody else."

    "But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime."

    Frederic Bastiat

    "We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle"

    Sir Winston Churchill

    "When the people find they can vote themselves money, that will herald the end of the republic."

    Benjamin Franklin

    "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard

    Alan Greenspan

    Medieval serfs paid around 30%, slaves 50%..

    Personal tax freedom day calculator, this doesn't include the stealth inflation tax



    Main Conclusions

    On Tax Freedom Day, the average Canadian family has earned enough money to pay the taxes imposed on it by the three levels of government: federal, provincial, and local.
    In 2011, Canadians celebrate Tax Freedom Day on June 6. That is, Canadians will have worked until June 5 to pay the total tax bill imposed on them by all levels of government.
    Tax Freedom Day in 2011 arrives two days later than in 2010, when it fell on June 4.
    The later arrival of Tax Freedom Day in 2011 is primarily due to Canada’s improving economy. When the economy recovers and incomes increase, a family’s tax burden tends to increase to a greater extent. That is partly due to our progressive tax system and because of consumption increases, which result in an increase in the amount of sales and other consumption taxes Canadian families pay.
    In 2011, the federal government and most provincial governments expect to run budget deficits. Since today’s deficits must one day be paid for by taxes, deficits should be considered as deferred taxation. Had Canadian governments increased taxes to balance their budgets, the average Canadian family would have worked until June 21 to pay the tax bill. In other words, the Balanced Budget Tax Freedom Day arrives on June 22, 16 days later than Tax Freedom Day.
    The latest Tax Freedom Day in Canadian history was in 2000, when it fell on June 24, almost two months later than in 1961, the earliest year for which the calculation has been made.
    In 2011, the average Canadian family earned $93,831 in income and paid a total of $39,960 in taxes (42.6 per cent).
    Tax Freedom Day for each province varies according to the extent of the provincially levied tax burden. The earliest provincial Tax Freedom Day fell on May 18 in Alberta.

  2. #2
    Registered User Array Borgnine's Avatar
    Join Date
    Jul 2008
    eastern Fraser Valley
    2015 Triumph Tiger Explorer XC
    Tax Freedom day for Multi-National corporations: Jan. 1
    "Let us cross over the river, and rest under the shade of the trees."
    ~Last words of Gen. Thomas Jonathan "Stonewall" Jackson

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