CELEBRATE TAX FOUNDATION DAY...From today the money you earn is yours to spend..American taxpayers be able to celebrate “Tax Freedom Day,” the day on which, assuming they spent nothing, made enough to fund the annual cost of government programs?

American taxpayers be able to celebrate “Tax Freedom Day,” the day on which, assuming they spent nothing, made enough to fund the annual cost of government programs?

 The Tax Foundation, a nonpartisan organization with the mission “to educate taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of government.”

According to the Tax Foundation:

“Tax Freedom Day answers the basic question, ‘What price is the nation paying for government?’ An official government figure for total tax collections is divided by the nation's total income. We count in the denominator every dollar that is officially part of national income according to the Department of Commerce’s Bureau of Economic Analysis, and in the numerator every payment to the government that is officially considered a tax is counted. Taxes at all levels of government are included, whether levied by Uncle Sam or state and local governments.

“We assume that the nation starts working on January 1, earning the same amount each day and spending nothing. When the nation has finally earned enough to pay all the taxes that will be due for that year, Tax Freedom Day has arrived.”

Due to higher federal and corporate taxes, Tax Freedom Day 2012 will arrive on April 17, four days later than it did last year.