The IRS made its demands on us last Tuesday. Not long after, the Tax Foundation, a nonpartisan research group in Washington, published its annual “tax freedom day” report. This is the formula that calculates how long you would have to work to pay your entire yearly federal, state and local tax bill if every penny you earn, beginning Jan. 1, went for that purpose.
This year’s freedom day is April 23; Utah’s is April 21.
The good news is Utah’s taxes are in the middle of the pack nationally, and a recent Utah Foundation report found the local burden is the lowest it’s been in a couple of decades.
The bad news nationally is that Washington still is on a collision course with disaster.
A few yeas ago, Republicans were all over this. We had fiscal cliffs, sequestration and other more or less invented crises designed to use a long-term problem for short-term political gain.
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