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Additionally, the Tax Foundation argues that the exclusion of capital gains income is irrelevant in most years since including capital gains would only shift Tax Freedom Day by 1 percent in either direction in most years.

According to the Tax Foundation, the following is a list of Tax Freedom Days in the U. since 1900: Many other organizations in countries throughout the world now produce their own "Tax Freedom Day" analysis.The Tax Foundation defends its methodology by pointing out that Tax Freedom Day is the U. economy's overall average tax burden—not the tax burden of the "average" American, which is how it is often misinterpreted by members of the media.Another criticism is that the calculation includes capital gains taxes but not capital gains income, thus overstating the tax burden.Tax Freedom Day is the first day of the year in which a nation as a whole has theoretically earned enough income to pay its taxes.Every dollar that is officially considered income by the government is counted, and every payment to the government that is officially considered a tax is counted.

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