Tax Freedom Daythe day each year you stop working for the government and start working for yourselfcame early this year: April 19, with an overall effective tax rate of 30 percent. Of course, that rate is only for the huddled masses, schlepping their way through another workweek. Highly compensated individuals such as CIOs push the envelope of corporate salaries, so their Tax Freedom Day comes later in the year. Probably just about now. You must be in the 35 percent bracket, right? And that is just for the feds. So how do you justify those numbers? By having a wealth of seemingly important knowledge at your fingertips. Let us test a bit of this esoteric information.

May 31, 2003 at 08:00 PM
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