Tuesday Marks “Tax Freedom Day”

Tuesday Marks “Tax Freedom Day”

Tuesday marks “Tax Freedom Day” in Wyoming, meaning workers in the state have now earned enough money to pay this year's federal, state and local taxes. The rest of this year's earnings go into pocket.

Nationwide, the same demonstrative day isn't until Thursday. These figures were calculated considering individual income taxes at the federal and state level, as well as payroll, sales, and property taxes.

Globally, Denmark pays the most taxes worldwide—around 60 percent, according to the Tax Foundation. The Czech Republic pays approximately 15 percent.

Tax Freedom Day, which is annually calculated by the Tax Foundation, changes each year. The earliest it ever came was in 1900, when it was marked on January 22. The latest it has ever come was May 1, 2000.

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