Tax Freedom Day

For those of you who are still out celebrating Tax Freedom Day, check out the Center on Budget and Policy Priority's annual dose of common sense. The CBPP (again) demonstrates that the Tax Foundation's use of old data and blurry demographics is meaningless, and possibly dangerous as a method of influencing policy. Tax Freedom Day could be today; it could also have been five weeks ago. The squishy projections, plus the fact that the American Tax Freedom Day seems always to hover around the third and fourth weeks of April tells us... well, absolutely nothing. Even less when it comes to individual states. It would be interesting to calculate a Blue Collar Tax Freedom Day (or conversely a Capital Gains Tax Freedom Day), and see how that moves, but I notice the Tax Foundation steadfastly avoids such dangerous ideas.