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Wednesday, August 12 2009

Cost of Government Day!

The government burden on the average worker has grown about $1 Trillion over the past year, and if time is money, Americans are working longer to pay their taxes.

We're all familiar with the saying "working for the man". If "the man" is Uncle Sam, Wednesday, August 12 is the day the average American would earn his or her financial freedom. It marks "Cost of Government Day" or the day calculated each year when the average American is done paying off or her share of the cost of government.

What does it mean? Imagine if you had to turn over your entire paycheck to the government all year until you paid off your share of federal, state and local taxes. If that were the case, August 12, would be the last day you'd have to work for Uncle Sam. This year, Cost of Government Day, fell nearly a month later, 26 days to be exact - then it did last year.  But cost of government is not limited to taxes. It also applies to government imposed regulations.

What has all this got to with cleaning - NOTHING. I just thought you would like to know that you are Free At Last! At least until January 1, 2010 when it starts all over again.

Posted by: Michael Hull AT 06:31 pm   |  Permalink   |  Email
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