Mark mid-April on your calendar. That's when Tax Freedom Day, the symbolic day when U.S. taxpayers' annual earnings to date surpass the taxes they'll pay that year.
The Tax Foundation analyzes state and local taxes to arrive at the benchmark. In 2003, Americans worked 109 days to pay their taxes, meaning Tax Freedom Day fell on April 19. That's the same date as 2002, but earlier than the April 27 date of 2001. Here's a breakdown of those 109 days:
Individual income taxes: 42 days
Social Security/Medicare: 30 days
Sales/excise taxes: 17 days
Property taxes: 11 days
Corporate income taxes: 9 days
Source: Tax Foundation, www.taxfoundation.org/taxfreedomday.html