There’s nothing really good about this day, as it reminds us of the tremendous tax burden on us all. In fact, we have the heaviest corporate tax burden of all our major trading partners. That’s comforting, isn’t it? All part of the 22% cost disadvantage we labor under as US manufacturers.
In any event, you couldn’t get through tax day without good ol” manufacturers. We make the calculators, the organizers, the software and the aspirin. Here’s a link to a story by Marissa Gandleman about manufacturers’ role in this otherwise unhappy day.
And, we ought not confuse this day with Tax Freedom Day. That’s something quite different. Tax Freedom Day is the day we stop working to pay our federal taxes and begin working for ourselves. This year it’s on May 31, so we still have a ways to go. Hang in there. Take two aspirin and call us on May 31.
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