Apr 5, 2012

Tax Freedom Day arrives April 17 this year - CNN Money

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NEW YORK (CNNMoney) -- More than three months of your hard-earned wages are going straight to your tax bill this year.

Americans will spend an average of 29% of their income on federal, state and local taxes in 2012, the Tax Foundation announced Monday. That's more than the average family spends on food, clothing and housing combined, the organization said.

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