Niagara Gazette

Bob Confer

May 6, 2013

CONFER: Celebrate your tax freedom day

Niagara Gazette — Today, May 6, is a holiday of sorts for the workingperson – it’s Tax Freedom Day in New York. It’s the day that you can finally go about working for your own personal needs and interests like feeding your family, paying your mortgage, saving for your retirement, or helping your kid through college. Prior to that, every day that you worked this year covered your tax obligations and nothing else.

Tax Freedom Day is an annual study that determines when personal financial freedom is achieved. It is the brainchild of the Tax Foundation, a nonpartisan educational organization that focuses on tax policy and the burdens they impose on Americans. The Foundation analyzes the entire tax burden shouldered by a state’s residents, looking at all taxes big and small, from income to property to sales to excise taxes. That bundle is then applied to the average wage for that state and from there the number of workdays required to meet that burden is calculated.

The study is a good gauge for the competitiveness and quality of life for each state. New Yorkers, long known as some of the highest-taxed folks in the US, have the second-latest Tax Freedom Day in the US. Only Connecticut comes later (May 13th). The average American spends less time working for the government than we do – they become free on April 18. Not surprisingly, some states have over a month on us: Residents of Louisiana and Mississippi can start working for themselves on March 29th.

To some (specifically government officials) the Tax Foundation’s study may be a gimmick. It’s not; it’s a unique way of demonstrating just how much effort goes into making one’s annual payments to the government. Due to payroll tax deductions and mortgage escrow accounts, very few people really know how much they pay into the system. There are a lot of numbers for them to track. This helpful study makes it easy for the layman to understand his contribution.

Text Only | Photo Reprints
Bob Confer
  • NIA Confer, Bob Mug CONFER: Property rights and the Clean Water Act The United States of America was founded on the premise of natural rights, succinctly dictated as the unalienable rights of "life, liberty, and the pursuit of happiness."

    April 22, 2014 1 Photo

  • NIA Confer, Bob Mug CONFER: Don't go soft on teenage criminals New York is one of two states â€" North Carolina being the other â€" that automatically prosecute 16- and 17-year-olds as adults in misdemeanor and felony cases. Other states do so only on a conditional basis at the whim of the presiding judge.

    April 14, 2014 1 Photo

  • NIA Confer, Bob Mug 040214 CONFER: Tax refunds are no reason to be happy A strange thing tends to happen this time of year: taxpayers who should be damning the government end up praising it. These brainwashed souls, numbering in the millions, feel rewarded by what appears to be government benevolence in the form of a tax refund, failing to realize that they are getting back only a little of the money that was rightfully theirs to begin with.

    April 1, 2014 1 Photo

  • NIA Confer, Bob Mug CONFER: Russia on the right side of Crimea issue I don't like Russia. Never have. Probably never will.

    March 24, 2014 1 Photo

  • NIA Confer, Bob Mug CONFER: State's foot-dragging aggravates our energy woes I don't have to tell you that it's been a miserable winter in the northeast. We've been battered by an array of winter storms, from Polar Vortices to blizzards, and a seemingly endless barrage of below-average temperatures.

    March 17, 2014 1 Photo

  • NIA Confer, Bob Mug CONFER: Veterans tax exemptions making school boards uneasy School boards eyeing the new, optional veterans tax exemption in New York State face perilous choices: Who do you please? Who do you offend? Veterans or the majority of taxpayers?

    March 3, 2014 1 Photo

  • NIA Confer Mug [Duplicate] CONFER: The importance of Boy Scouts in America What do Gerald Ford, Neil Armstrong, and William DeVries have in common?

    February 25, 2014 1 Photo

  • • Confer, Bob mug CONFER: Move New York's primaries to June In 2009, the federal government passed the Military and Overseas Voter Empowerment (MOVE) Act, which mandated that the states have federal absentee ballots in the hands of overseas military personnel at least 45 days before an election, to ensure that their completed ballots could be received by local boards of elections in a timely fashion.

    February 17, 2014 1 Photo

  • NIA Confer Mug CONFER: New York state could soon tax the scouts These are interesting times in New York, as we have a governor and a state legislature touting various reform packages that are expected to drop some tax rates after years of steady tax growth. It comes at a time when those same parties are testing the waters for even more public services such as universal pre-kindergarten.

    February 3, 2014 1 Photo

  • NIA Confer Mug CONFER: State bill would mandate parenting classes S142-2013, under review by the state Senate education committee now, would require parents of elementary school age children to attend parent support programs and workshops, including one concerning abuse in its various forms. If they didn't, their kids wouldn't be allowed to enter seventh grade.

    January 27, 2014 1 Photo

Featured Ads
House Ads
AP Video
Opinion
House Ads
Night & Day
Twitter News
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Front page