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(CNSNews.com) – This year, Americans have to work until July 15 to pay for the burden of government, more than six months.
In a new report, Americans for Tax Reform (ATR) has calculated that Americans will spend a total of 197 days to pay for the cost of government.
"Cost of Government Day is the date of the calendar year on which the average American worker has earned enough gross income to pay off his or her share of the spending and regulatory burden imposed by government at the federal, state and local levels," reads the report.
The report, Cost of Government Day, shows that Americans spent 88 days working for federal spending; 40 days for state and local spending; and 69 days for total regulatory costs.
According to the report, federal spending consumed 24 percent of U.S. Gross Domestic Product (GDP) this year.
Americans Will Work More than 6 Months to Pay Cost of Gov't in 2012 | CNSNews.com
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