The Tax Foundation announced that the 2007 Tax Freedom Day is April 30.1 This is the day that the average American has completed working to pay all of his or her taxes. According to the report, the average American is going to work 120 days to pay for government but only 105 days to pay for the combined cost of food, clothing, and housing.

The percentage of income going to taxes has been increasing since 1900. Taxes as a percentage ... Log in to view full article.