It's Tax Freedom Day! (For Most Workers)

Tax Freedom Day
Tax Freedom Day

Once most workers in the U.S. have slaved away for 102 days of the year, they've earned enough to pay their federal, state and local taxes. Unless they live in Mississippi or Connecticut which have the lowest and highest tax rates in the union, respectively.

Because of their more humble incomes and low state and local tax burden, Paul L. Curon, who runs the TaxProf Blog, estimates Mississippi's Tax Freedom Day for 2011 fell on March 26. The four other states where Tax Freedom Day arrived earlier in 2011 include Tennessee (March 27), South Carolina (March 29), Louisiana (March 30), and South Dakota (March 30).