This week Americans stop working for government

July 16, 2012 JTaxes

Every year, the Americans for Tax Reform Foundation and the Cost of Government Center calculate the Cost of Government Day. This is the day on which the average American has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state, and local levels.

In 2012, Cost of Government Day falls on July 15. Working people must toil 197 days out of the year just to meet all costs imposed by government. 2012 marks the fourth consecutive year COGD has fallen in July.

From a different perspective, the cost of government makes up 54.0 percent of annual gross domestic product (GDP).

The cost of government day was July 11 in Texas. The Lone Star State went from 25th to 17th in the country.

Click here to read the report. 

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