Free at Last…Cost of Goverment Day 2010

In Tax Planning by Sarah E. Martello

With the rising deficit and a substantial economic strain on our Government, it is not terribly surprising that our Government’s financial woes tickle down, resulting in a larger financial burden on Americans.

August 19th marked the “Cost of Government Day” for 2010.  This is the day the average American has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state, and local levels.

Sadly, working Americans toiled 231 days this year just to satisfy government imposed — 8 days later than 2009 and a full 32 days longer than 2008.