Have you ever wondered how long it takes to pay your tax obligation?
Each year, Tax Freedom Day is the first day in which you theoretically earn enough money to fund your annual tax burden to the government. It's the day you "stop working for the government and start working for yourself!"

The national Tax Freedom Day is calculated annually in the United States by the Tax Foundation, a Washington, D.C.-based tax research organization. Every dollar that is officially considered income by the U.S. government is counted, and every payment to the U.S. government that is officially considered a tax is counted. Taxes at the local, state, and federal levels of government are included. Our nation's 2007 Tax Freedom Day was April 30, for a total average effective tax rate of 32.69% of the nation's income.

So why did we create this site and calculator?
While a national Tax Freedom Day calculation is helpful, we thought a personal Tax Freedom Day calculation would be more accurate and useful to the individual taxpayer.

No two taxpayers are alike, so it makes sense to calculate what you actually pay compared to the national average. For example, the following taxes are factored into the national Tax Freedom Day but may not factor into your personal Tax Freedom Day:

• Estate Taxes
• Gift Taxes
• Cigarette Taxes
• The Death Tax

Additionally, these factors can also affect your personal Tax Freedom Day calculation:

• Federal tax bracket
• Property taxes
• State taxes (if any)
• Local taxes (county, city, township)
• Tax credits for children or hybrid cars

Many people ask why the calculator is for 2007. Great question! Here are a couple reasons:

• We know the national Tax Freedom Day for 2007 (2008 hasn't been calculated yet)
• You know your actual annual income for 2007
• We'll update the calculator once 2008 figures are available

Discover your personal Tax Freedom Day now by using our free calculator. Find out how you rate against the national Tax Freedom Day average!