Publisher's Note: One of the most significant things you can do to promote Liberty is to support our mission. Please make your gift to the 2024 Year-End Campaign today. Thank you! —Mark Alexander, Publisher

April 21, 2017

On Sunday, Americans Will Be Free

The nationwide average for paying off your total tax bill comes April 23. So how about some serious tax reform?

For many years the Tax Foundation has performed a fairly complex set of calculations to find a simple and sobering result: the calendar date that American taxpayers finally pay off their total annual toll to the government — that is, their individual local, state and federal tax bills as an aggregate. The lone spot of good news is that we’re close. On average, Americans will pay off that onerous debt on Sunday, April 23 — one day earlier than last year. Still, it’s hardly cause for celebration.

The results are even more telling when the data are distilled to a state level. Taxpayers fortunate enough to live in Mississippi were freed from their overall tax burden back on April 5 — a full 47 days sooner than those who live in the lowest-ranked state, Connecticut. Those of us in our humble shop in Tennessee could celebrate back on April 7, as we have the nation’s second-lightest burden. And if you happen to be reading this in Utah today, allow us to wish you a happy Tax Freedom Day.

All of this is a relatively light-hearted way of comparing the burdens we all pay. Given the government spends an average of $31,154 per household, it’s more sobering to realize just where that money will go. By far the largest individual portion ($12,141) goes to the combination of Social Security and Medicare. The second-largest amount goes to programs lumped together under the “anti-poverty” banner ($6,143), with defense coming in third ($4,696). Per-household defense spending, however, barely outstrips the $4,393 deficit added to the national debt on each household’s behalf.

Over the last three decades, the Tax Freedom date has fluctuated with the general mood of the government in power at the time. Tax cuts under Ronald Reagan and George W. Bush have moved the date forward on the calendar, with George H.W. Bush, Bill Clinton and Barack Obama increasing rates, thus lengthening the time needed to get to Tax Freedom Day.

Like some of his GOP predecessors, revising and simplifying the individual tax code was a point on Donald Trump’s agenda as well, but his main thrust was a desire to cut the highest corporate tax rate in the industrialized world. It’s a point that scores well with four supply-side economics gurus. Writing in The New York Times, Steve Forbes, Larry Kudlow, Art Laffer and Stephen Moore argue that Trump needs to score a tax victory this summer, and the best place to begin is to cut corporate tax rates and allow for immediate, full deduction of the cost of capital purchases. Add to that a modest repatriation fee on bringing foreign profits back to the United States, and the quartet believes these changes will help the economy. “The additional increase in real wages could be nearly 10 percent over the next decade, which would reverse 15 years of income stagnation for the working class in America,” they write. “And, if we are right that tax cuts will spur the economy, then the faster economic growth as a result of the bill will bring down the deficit.”

Somewhat more controversial about the approach that Forbes and his colleagues take is the idea that, as a sweetener to attract Democrat votes, a dedicated infrastructure fund should be created from the repatriated foreign profits. Regarded as a “good move politically,” if nothing else, it would kill two of Trump’s birds with one stone: corporate tax reform would be combined with investment in infrastructure.

In the short term, this free-market quartet concedes that tax cuts would enlarge the deficit, which was the case initially under both Reagan and Bush (43) when they reduced tax rates. But that would create a boon to the economy and lead to an increase in federal revenue, thus shrinking the deficit in years to come. This, of course, assumes that adults take charge of the purse strings and refrain from spending the new revenue before it comes in.

To bring this full circle, it’s worth going beyond the Tax Foundation’s report abstract to a chart that tracks Tax Freedom Day over time. A century ago, on the eve of World War I (and just after the passage of the Sixteenth Amendment) Tax Freedom Day occurred in late January. Although there’s been a little bit of relief since 2000, the year Tax Freedom Day fell on May 1 — “May Day” was perhaps appropriate, as this was during the last year of Comrade Clinton’s term of office — the fact that we spend well past a quarter of each year rendering unto Caesar should give everyone pause and make us question how we came to this point.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.