Speed Reads

Tax Day

You'll work 114 days this year just to cover your tax bill

Come April 24, you'll finally start making money this year — money you get to keep, that is. That's because April 24 is Tax Freedom Day, an annual calculation made by the Tax Foundation. This year, the 114 days before April 24 represent the average number of days Americans will work just to pay their tax bills.

On a state-by-state basis, Tax Freedom Day actually varies by more than a month:

(Tax Foundation)

The Tax Foundation also found that, collectively, Americans will spend more to pay taxes this year than we'll spend on food, housing, and clothing costs put together.