Jennifer and Ken Citizen have a combined income of $145,148.They have 1099 forms which report $4,002 in interest and dividends.During the year,they paid $6,487 in property tax;$9,688 in state and local taxes;$17,573 in federal income tax;and $14,021 in Social Security and Medicare taxes.Tax Freedom Day has been discussed as a concept by which the taxes a family pays are paid first throughout the year until they are paid in full.What is the Tax Freedom Day for this family? Assume it is not a leap year.

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The Answer of Jennifer and Ken Citizen have a combined income of $145,148.They have 1099 forms which report $4,002 in interest and dividends.During the year,they paid $6,487 in property tax;$9,688 in state and local taxes;$17,573 in federal income tax;and $14,021 in Social Security and Medicare taxes.Tax Freedom Day has been discussed as a concept by which the taxes a family pays are paid first throughout the year until they are paid in full.What is the Tax Freedom Day for this family? Assume it is not a leap year.

Jennifer and Ken Citizen Have a Combined Income of $145,148