Tax Freedom Day arrives on April 18 this year, according to The Tax Foundation, a D.C. based tax research organization.
It’s the day they estimate we’ve earned enough money to pay all our federal, state, and local taxes for the year.
Tax Freedom Day is based on national averages for all the states. We’ve got a few more days before it’s actually Tax Freedom Day here in Illinois.
The Foundation says Tax Freedom Day comes on April 26 in Illinois this year.
You can find out more about Tax Freedom Day at http://taxfoundation.org/article/tax-freedom-day-2013-april-18-five-days-later-last-year