Cost Of Government Day
July 6, 2001
July 6 is Cost of Government Day (COGD) for 2001 -- the date in the calendar year when the average American worker has earned enough to pay off his or her share of the burdens of government at the local, state and federal levels.
According to Americans for Tax Reform (ATR):
- Americans currently work 187 days to pay off the costs of government, including 87 days to pay for their federal tax burden and 41 days to pay all state and local taxes.
- Additionally, they work 58 days to pay the costs of federal, state and local regulations that make production more expensive for entrepreneurs and prices higher for consumers.
- COGD falls three days later than in 2000, and has advanced steadily and significantly since 1989 -- when it fell nearly three weeks earlier (June 18).
When COGD advances, it does so because the burden of government has grown faster than national income. That means taxes claim a higher portion of personal income, leaving less to spend on goods and services or to save and invest.
Source: Ryan B. Horn, "Cost of Government Day (r) Report Calendar Year 2001, Ninth Edition," Americans For Tax Reform Foundation, 1920 L Street, N.W., Suite 200 Washington, D.C. 20036, (202) 785-0266.
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