Yesterday Lithuanian Free Market Institute celebrated the Tax Freedom day in Lithuania. A person earning an average wage here had to work 4 months and 23 days just to support government spending (and it would be way more if not for inflation). Lithuanian Free Market Institute calculates this with their own tax calculator that also provides a receipt for specific spending.
Czechs have to hold out for one more month. After June 17, 2022, they will start earning for themselves. Until then, for 167 days, they work only for the state. That makes this year one of the least free since the Liberal Institute has been counting Tax Freedom Day since 2000.
This year’s Tax Freedom Day fell on June 25, and this year the state will redistribute 48 percent of what we produce. Last year we announced that we would have to revise for the first time ever, but in the end it was not necessary. The economic downturn was smaller than expected, and so, too, was the redistribution eventually.
The Lithuanian Free Market Institute (LFMI) announces the celebration of Tax Freedom Day on Tuesday in Lithuania. The fact that it is celebrated almost three weeks later than last year shows increased government spending.
In the year of the COVID-19 crisis, Czechs must endure one more month of work for the state. After June 24, 2020, they will start earning money for themselves. Until then, for 175 days, they only work for the state. This is the least free year since 2000.
May 23, 2018 – the symbolic Tax Freedom Day, marking the day when an average taxpayer has paid all the dues to the government and begins to work for himself, falls in Lithuania. This year the Tax Freedom Day comes on the same day as in the last year, according to the Lithuanian Free Market Institute (LFMI).
This year the Tax Freedom Day comes five days later; regrettably, government spending surpasses economic growth and Lithuanian taxpayers should work more and more just to pay taxes. To compare, Estonia celebrated on May 7, the United States on April 23, and Australia on April 13.
After 153 days of work on the account of public institutions, the expenditures of which had to be covered by taxpayers, Liberal Institute together with the Czech society commemorated the Tax Freedom Day on June 2, 2016. The Liberal Institute has celebrated the Tax Freedom Day since 2000.
Tax Freedom Day comes on May 18. It is a symbolic day in the year when an average taxpayer has paid all the dues to the government and begins to work for him- or herself. The fact that it comes later than in the previous year means that government expenditures has grown more than the country’s economy.