Just how free are you? It may depend on where you live. Tax freedom day is when your private property and earnings truly become yours. Until this date, you’re working just to pay the cost of federal, state, and local taxes. You can find where you stand on this with the chart below (click on the chart for an easier-to-read version).
Here in Georgia, we rank 20th (down from the 15th last year) on the chart below.
A darker color means your wallet is in a bad “state.”
A lighter shade means you’re closer to being in the “black”.
One of the first things clients learn about financial numbers is that they don’t mean much in isolation. The secret to reading financial reports is the ability to spot trends. Even our big-spending Congressman friends can spot the financial trend in the chart below. Year by year, you’re becoming less free.
Are you getting tired of this trend? Would you like to keep more of what’s yours?
Remember that we’re just a click away when you need help.
He is also a founding Board Member and Finance Director of the Fayette Pregnancy Resource Center and serves on the Board of the National Equal Rights Institute.
Latest posts by David Conley (see all)
- The biggest no-brainer for 2019 tax planning:
It's never too early to start saving 2019 taxes- January 16, 2019
- What a difference a name makes!:
Are you a dealer or investor? Here's how to tell the difference!- January 10, 2019
- Is it too late to accrue a bonus for last year?:
Not if done correctly- January 9, 2019