Month: April 2009

Happy Tax Freedom Day! A tax is “a compulsory exaction of money by a public authority for public purposes, enforceable by law, and is not a payment for services rendered”. At least that is the way the High Court defined it way back in 1938. To put it simply: a tax is something you must pay to the government; what you get in return is another matter.

On 23 April, celebrate your Tax Freedom Day for 2009. You will be free from the taxman for the rest of the year. But enjoy it while you can: The government is working hard to push your Tax Freedom Day well into May next year.