Every year, the Cost of Government Center, in partnership with Americans for Tax Reform Foundation, calculates the Cost of Government Day. This is the day on which the average American has earned enough income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state and local levels.
In 2013, Cost of Government Day (COGD) falls on Saturday, July 13. Working people must toil 194 days out of the year just to meet all the costs imposed by government. This year marks the fifth consecutive year COGD has fallen in July. Prior to the Obama Administration, the latest Cost of Government Day recorded was June 27.
Compared to the size of the economy, the cost of government makes up 53 percent of annual Gross Domestic Product (GDP) in 2013.
Unfortunately, taxpayers in many states will have to work past the national COGD to pay for the costs of their state governments. Notoriously high-tax, big-spending states such as California, Illinois and New York have some of the latest Cost of Government Days in the nation. However, the last COGD of the year will once again be celebrated in Connecticut on August 31.
This post was edited on 7/12 at 11:13 am