April 6: Celebrating Tax Freedom Day

It is with some irony that I write, Congratulations! On April 6, we celebrated Tax Freedom Day, the day that Hawaii taxpayers have earned enough money to pay for this year’s federal, state, and local taxes. The Tax Foundation (www.taxfoundation.org) calculates this date every year using government data on income and taxes, not including the deficit.

According to the Tax Foundation, there are five major tax categories: individual income taxes, payroll taxes, sales and excise taxes, corporate income taxes, and property taxes. We each have work for 96 days just to run our government, but today we are working for ourselves – 6 days earlier than the national Tax Freedom Day on April 12.

Now for the bad news: get out your wallet – by April 15, we have to pay taxes for 2010.

Something to remember: freedom isn’t free, but don’t allow our legislators to price us out of the market!

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