I always thought the “average,” non-CPA American worked 250 days a year (assuming a two-week vacation), which would leave nothing for transportation, recreation, clothing or “other.”
Times are tough, indeed.
Frank Farina, CPA, J.D.
Editor’s note: The Tax Foundation says it uses a
365-day calendar when calculating Tax Freedom Day to allow for
comparisons over time; it therefore does not adjust for weekends,
holidays or leap years. The foundation inherited the concept and
copyright of Tax Freedom Day in 1971 from Dallas Hostetler, the
Florida businessman who conceived the idea, and has been calculating
it this way ever since.