Cost of Government Day — 2010 Report

The Center for Fiscal Accountability, a special project of the Americans for Tax Reform Foundation, has calculated and posted its annual Cost of Government Day, which is stated to be:

  • …the day on which the average American has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state, and local levels.
  • In 2010, Cost of Government Day falls on August 19. ¬†Working people must toil 231 days out of the year just to meet all costs imposed by government – 8 days later than last year and a full 34 days longer than 2008.
  • In other words, in 2010 the cost of government consumes 63.41 percent of national income.

Hat tip to Docuticker.com.

Cross-posted on Law Library Blog.