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CFO Atwater Releases Statement on the State of the Nation’s Finances With the Arrival of National Taxpayer Independence Day

4/23/2015

Contact: Ashley Carr
(850) 413- 2842
 
TALLAHASSEE, Fla. – As National Taxpayer Independence Day arrives tomorrow, Florida’s Chief Financial Officer Jeff Atwater released a statement regarding the current state of the nation’s finances. Taxpayer Independence Day is the day when taxpayers have collectively earned enough money to pay their total federal, state and local tax bill for the year. Taxpayer Independence Day does not, however, factor in the nation’s debt, for which taxpayers are also held accountable.
 
CFO Atwater said, “The most concerning thing about National Taxpayer Independence Day is what it doesn’t include. While the nation’s families can now begin to earn income beyond their total annual tax burden, they remain saddled by the federal government’s uncontrolled debt. 
 
“Just as every American forfeits a sum of money that amounts to nearly one-third of their annual income in taxes, every American household would have to forfeit 14 straight months of income to pay off the current gross federal debt, which doesn’t even include the debt that Washington keeps piling on the backs of hardworking Americans. American households make tough financial decisions each day and must operate within a budget, and it’s time the federal government should start doing the same.”
 
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