As recently as 1992, it was on April 18.
Freedom comes late Tax Freedom Day continues to occur later each year.
As recently as 1992, it was on April 18. That means taxes are going up rapidly. If a typical family had been paying 100 percent of its earnings to government since Jan. 1, the Tax Foundation says, its tax liability would be satisfied today. For the rest of the year, it could spend its money on its own needs. The latter is a regressive tax, so a family works a little longer if it is poor and a little less if it's wealthy.