Today is Tax Freedom Day in Florida

Today is Tax Freedom Day in Florida.

That’s the day in which the average Floridian will have earned enough money to pay his or her federal, state, and local taxes.

Tax freedom Day Day 2014 comes three days later than it did last year, mostly due to increasing federal taxes. 

More than 70 percent of the average Floridian's tax burden is make up of Federal taxes, which are expected to increase by 9 percent in 2014.

Nationally, tax freedom day was on April 21st – but some states are still working toward it.

Residents of Connecticut and New Jersey will celebrate tax freedom day on May 9^th and in New York it will be May 4th.

Residents of Louisiana celebrated their tax freedom day on March 30^th, Mississippi’s was April 2nd.

Floridians will contribute $250 billion in taxes to federal, state and local governments this year, and the average Floridian has to work 2 hours and 26 minutes of each 9-5 workday just to pay their tax obligations to the various levels of government.  

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