Newspaper article Charleston Gazette Mail

Tax Freedom Day Gets Later Every Year ; West Virginians Work 102 Days before Their Pay Belongs to Them

Newspaper article Charleston Gazette Mail

Tax Freedom Day Gets Later Every Year ; West Virginians Work 102 Days before Their Pay Belongs to Them

Article excerpt

So today is tax day, April 15, when federal and state tax returns are due: right? Well, sort of. This year, state and federal taxes are due on April 18.

But the real tax day for West Virginians was April 11th.

Thats when West Virginia taxpayers finally earned enough money to pay what theyll owe for 2016.

Put another way: You worked 102 days before you actually started to see your hard-earned money. The non-partisan Tax Foundation calls this Tax Freedom Day, although you probably wont feel like celebrating when you consider that youre likely spending more on taxes than on food, clothing and housing combined.

Youre also losing more to the tax collector with every passing year. Nationally, Tax Freedom Day is the same day it was last year, but its still 11 days later than it was only four years ago.

When you stack West Virginia up against other states, its actually doing pretty well, with the 8th Tax Freedom Day in the nation.

But expect things to keep getting worse in the years ahead.

Tax Freedom Day keeps getting pushed back mainly because the federal government keeps taking more of our money. This year, Washington, D.C., is expected to rake in a record-breaking $3.36 trillion in tax revenue, $115 billion more than it did last year.

That still wont be enough to satisfy D.C.s spending addiction.

Washington will once again spend more than it brings in this year, adding $534 billion to the already massive federal debt.

But thats par for the course: Over the past two decades, both Republicans and Democrats have made countless promises while leaving you and me with the bill.

The result has been out-of-control federal spending, which has fueled an unprecedented rise in the national debt from just over $5 trillion in 1996 to nearly $20 trillion today.

The wasteful spending is getting worse, too. Last month, the federal governments fiscal watchdog the Congressional Budget Office estimated that D. …

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