Taxes and deficits are two of the more controversial topics of the day. A new report published by the Tax Foundation ranks the states by how much of a workerâ€™s workday hours are spent paying for their local, state and federal taxes. On average, Americanâ€™s spend 2 hours and 13 minutes of their 8-hour workday paying for government. Add in the federal deficit and that grows to 3 hours and 7 minutes or 39 percent. Itâ€™s an interesting way to look at how much the average personâ€™s labor goes to pay for public services.
By the way, Colorado ranks 24th while our neighbors to the north rank 12th. The five states that take the most of a workerâ€™s time to pay the tax tab are Connecticut, New Jersey, New York, Maryland and Washington, respectively. The five lowest, respectively, are Mississippi (#50), Tennessee, South Carolina, Louisiana and South Dakota.
You can find the report here.