Congratulations America! Today, when you go to work you will actually get to keep what you earn. Up until this point in the year, the fruits of your labor have all gone to cover your share of the cost of federal, state and local level government.
From The Cost of Government Center:
Every year, the Americans for Tax Reform Foundation and the Cost of Government Center calculate the 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 2012, Cost of Government Day falls on July 15. Working people must toil 197 days out of the year just to meet all costs imposed by government. 2012 marks the fourth consecutive year COGD has fallen in July.