The Tax Foundation's yearly "Tax Freedom Day" report is out (H/T State Policy Network Blog), and the results as usual are not startling. The average taxpayer both in Colorado and nationwide has to work until April 23 to pay off their share of the tax burden:This year’s Tax Freedom Day falls three days earlier than in 2007. Fiscal stimulus rebates and a projection of slow growth in 2008 are the principal reasons for the earlier celebration. However, if the large projected deficit for 2008 were counted as a tax in the current year, Tax Freedom Day would fall on May 3. “Government continues to dominate the American taxpayer’s budget,” said Tax Foundation president Scott Hodge. “Americans will still spend more on taxes in 2008 than … [Read more...]