|
|
Article: Social Security: For the Vast Majority, the Tax That Never Stops
- Article from:
- The Washington Post
- Article date:
- April 18, 1989
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
|
Well, you and a few million other Americans finally filed your
1988 federal income taxes yesterday, and in just a couple more
weeks-whether you know it or not-you'll finish paying your 1989
taxes.
May 4 will be "Tax Freedom Day"-the date when most mythical
"average Americans" will have earned enough money to pay all their
taxes for the year and can start making some money for themselves.
Roughly one-third of everything we earn-33.9 percent-goes to the
federal, state or local government one way or another, says the Tax
Foundation, a Washington outfit that calculates Tax Freedom Day as a
way of calling attention to the realities of taxation.
Caesar's share of our output has stayed ...