On the recordApril 15, 1997
this past weekend we had a weekend of firsts. Tiger Woods became the youngest PGA player to ever win the Masters and in doing so broke the all-time scoring record of 270 and established the largest margin of victory--12 shots--in the tournament's 61-year history. On April 14, 1997, the Tax Foundation announced another first, Tax Freedom Day this year will be on May 9. What is Tax Freedom Day? Tax Freedom Day is the day when the average American stops working for the Government and starts working for themselves. This year's record date for Tax Freedom Day of May 9 is 2 days after last year's record of May 7 and up significantly since the Clinton administration took office in 1993. This year the average American will have to work a total of 128 days to pay his or her tax bill. That equates to 2 hours 49 minutes of each working day laboring to pay taxes. That's hard time any way you slice it. Over the years, April 15 has metamorphosized from being a trip to the dentist's office to being a major root canal without the novocaine. I rise today to introduce legislation that will change the date on which individuals file their Federal income tax returns from April 15 to May 9, Tax Freedom Day.
Said by
Judd Gregg
Source
govinfo.gov