Tomorrow is Arizona's Tax Freedom Day, one of the most depressing ways to look at how much money you're forking over to the government every year.
Tax Freedom Day, developed by the Tax Foundation think tank, illustrates how long it takes Americans to earn enough money to pay a year's worth of taxes. Adding in specific state and local taxes, it also calculates each state's Tax Freedom Day.
The national average is April 21. Arizona's is April 11, making it the 10th state to reach the day. In comparison, the earliest Tax Freedom Day is in Louisiana, on March 30, and the last is Connecticut, which isn't until May 9.
The methodology is complex, and includes taxes you more than likely don't pay (and money you don't earn). If you're curious about your own personal Tax Freedom Day, there are online calculators for that.
Meanwhile, Tax Day, which is pretty much the opposite of Tax Freedom Day, is on Tuesday, so don't forget about that.
Got a tip? Send it to: Matthew Hendley.
Keep Phoenix New Times Free... Since we started Phoenix New Times, it has been defined as the free, independent voice of Phoenix, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Phoenix with no paywalls.