What Is Tax Freedom Day 2024. This is estimated based on the. Every year, the adam smith institute calculates the number of days the ‘average’ person (more on that later) would have to work off to pay their taxes.

According to the tax foundation, americans have to spend 102 days at work in order to earn enough to pay. This year, we’re forking out almost £1 trillion pounds to hmrc, meaning that tax freedom day is today, 10th of june.