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 worker’s workday hours are spent paying for their local, state and federal taxes. On average, American’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. It’s an interesting way to look at how much the average person’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 worker’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.