Delaware is a Tax-Friendly State
Each year A nonpartisain, nonprofit group called the Tax Foundation releases a special report which
“traces the course of America’s tax burden since 1900, examines the composition of today’s tax burden by type of tax, calculates a Tax Freedom Day for each state, compares tax payments to other typical consumer expenditures, and projects the future course of Tax Freedom Day.”
In plain english; you can find out the average number of days residents of your state have to work to pay their tax obligations. Break Even day is “Tax Freedom Day®,” the day when start to work on paying the cost of supporting yourself.
Today, April 11, is Delaware’s tax freedom day for the year 2005.
In the same report state and local tax burdens are compared; Delaware ranks a comfortable #3 next to Alaska and New Hampshire respectively.