In the United States of America, the Tax foundation released the Tax freedom day’s annual report. And for the year 2016, April 24th was the Tax freedom day.
When the Nation acquires enough income to pay their state bills, local and federal bills, that day is called the Tax Freedom day. For the year 2016, the people of America has to pay $1.6 trillion dollars for the local and state bills and around $3.3 trillion dollars for their federal bills, thus the overall tax for this annual year is nearly five trillion dollars.
Many Americans expect many services from the government that are exempt from the tax, keeping this in mind the Tax foundation released the annual report so that an awareness will be created among