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Today is ‘Tax Freedom Day’

All of the work you’ve done so far this year is just enough to pay your taxes. Today (April 30), is Tax Freedom Day in California…

Listen to Lyman Stone 1

That’s economist Lyman Stone with the non-partisan Tax Foundation’s Center for State Tax Policy. The national Tax Freedom Day was April 21st. You may be familiar with the term ‘Tax Freedom Day’, and Stone says there’s a reason it’s talked about so much each year…

Listen to Lyman Stone 2

Stone says it’s much easier to explain than multi-trillion dollar debt or gross national products…

Listen to Lyman Stone 3

In addition to Californians having to pay higher taxes, more income is generated here than in most other states. Only Connecticut, New York, and New Jersey have later Tax Freedom Days.

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