Economy For Utah, it arrives April 17; April 21 for rest of nation.
“Tax Freedom Day” when a typical worker will have earned enough to pay his tax bill for the year if he spent money on nothing else is falling three days later this year both in Utah and the nation.
In Utah, it will be on April 17 after falling on April 13 in 2013, according to a study by the Tax Foundation, a nonprofit, nonpartisan tax research organization based in Washington, D.C.
However, that is still earlier than average.
The national Tax Freedom day is on April 21, 111 days into the year. Last year, it was on April 18.
“Tax Freedom Day is three days later than last year due mainly to the countrys continued slow economic recovery,” the Tax Foundation said.
Twenty-six states have earlier Tax Freedom Days than Utah this year.
The earliest, or best, among the states is in Louisiana on March 30. The latest, or worst, is in Connecticut and New Jersey on May 9.
For states surrounding Utah, Tax Freedom Day is on April 8 in New Mexico; April 11 in Idaho and Arizona; April 15 in Nevada; April 17 (like Utah) in Wyoming; and April 22 in Colorado.
The foundation says it now takes the nations workers 33 days to pay their federal income tax bill; 27 days to pay Social Security taxes; two days for federal excise taxes; eight days for federal corporate taxes; and four days for other federal taxes.
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Tax Freedom Day will come 3 days later this year