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California Tax Freedom Day Comes Late Again

California’s Tax Freedom Day won’t arrive until Sunday, May 3, 2015, which is the fourth latest in the nation.


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California lags behind much of the country when it comes to high taxes and creating an atmosphere that allows businesses to create jobs.

Board of Equalization Vice Chair George Runner says there’s another area where California fails to meet the national standard—National Tax Freedom Day. This year, California residents will work nine days longer than the national average to meet their annual tax obligation.

“California’s byzantine tax structure continues to create a difficult economic environment in which to live and work,” says Runner. “Unfortunately, Californians must work 123 days to pay their tax bill. We can do better.”

Tax Freedom Day, calculated annually by the Tax Foundation, is the day Americans have earned enough money to pay their annual tax obligations at the federal, state and local levels.

This year’s national Tax Freedom Day arrives on April 24. According to the Tax Foundation, Americans total tax bill comes to$4.8 trillion and collectively will spend more on taxes in 2015 than they will on food, clothing and housing combined.

Learn more about Tax Freedom Day on the website.

Do you have a news tip? Call us at (661) 298-1220, or drop us a line at community@hometownstation.com.

KHTS AM 1220 - Santa Clarita Radio

California Tax Freedom Day Comes Late Again

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About Evan Stevens