August 19, 2010 - Cost of Government Day Has Arrived!

[Greg Fasolt]

August 19, 2010 - Cost of Government Day Has Arrived!

http://www.costofgovernment.com/

Every year, the Americans for Tax Reform Foundation and the Center for Fiscal Accountability calculate Cost of Government Day. This is 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 32 days longer than 2008. In other words, in 2010 the cost of government consumes 63.41 percent of national income.

To view a pdf of this year's report, click here.