Tax freedom day
It might surprise you how many days you would have to work to pay your estimated federal tax liability (including Social Security tax withholdings). Use this calculator to determine your Tax Freedom Day - the day you begin earning money for yourself.
This calculator does not take into account sales and excise taxes, state and local property taxes, and other taxes such as car and estate taxes. According to The Tax Foundation, the national tax freedom day is April 18th meaning the average American will work 108 of 365 days a year just to pay their varied taxes.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.