Tax Freedom Day is the first day of the year in which a nation as a whole has theoretically earned enough income to fund its annual tax burden. It is the day when you stop working for the government and start working for yourself. First developed in 1948 by Florida (USA) businessman Dallas Hostetler, who trademarked the phrase "Tax Freedom Day" and calculated in each year for the next two decades. In 1971, the trademark was transferred to the Tax Foundation by Hostetler at his retirement. India's Tax Freedom Day (TFD) is March 14.
Country
Day of year
% burden
Date of year
Updated
Source
Tax Freedom Days for countries by date
India
74
20%
14 March
2000
Centre for Civil Society
United States
99
26.9%
9 April
2010
Tax Foundation
Australia
112
30.7%
22 April
2008
Centre for Independent Studies
Estonia
114
31.1%
24 April
2007
Eesti Maksumaksjate Liit (Estonian Taxpayers Association)
