Today is the day that you and I start earning money for ourselves rather than the Government. Tax Freedom Day imagines that you pay off all of your annual tax bill up front, giving a stark illustration of exactly how much money is being thrown at this Government. Back in 1997, you would have started keeping your pennies on May 26th. As clear as this is, it is still muddled by Government obfuscation. If Government borrowing is taken into account, Tax Freedom day would fall much later on June 14th.
Stealth taxes make illustrations such as this all the more valuable. Have a look at the Adam Smith Institute website for more details.