Florida TaxWatch Announces Tomorrow, Fri., April 9 Marks 2021 Florida Taxpayer Independence Day
TALLAHASSEE, Fla. – Today, Florida TaxWatch announced that tomorrow, Fri., April 9 marks the 2021 Florida Taxpayer Independence Day. This symbolic occasion assumes that every dollar Floridians earned since the start of the year goes to pay federal, state, and local taxes, but now, they will finally begin earning for themselves. This year, it took Florida taxpayers an average of 98 days, or more than three months, to satisfy their tax obligations.
President and CEO of Florida TaxWatch Dominic M. Calabro said, “It’s taken four more days to achieve taxpayer independence in 2021 than it did in 2020, when the COVID-19 pandemic really started to gain momentum. That’s because, despite widespread job losses, personal income growth outpaced tax collections in 2020, but in 2021, the reverse is true, returning tax independence to the same date as before the pandemic. Florida TaxWatch joins hard-working taxpayers across the state in celebrating Florida Taxpayer Independence Day this year.”
The 2021 Florida Taxpayer Independence Day arrives three days later than it did in 2009, when the Great Recession decimated government revenues, and 13 days earlier than in 2006, the latest date for the observation in the last 20 years.
More information, including how this date is determined, can be found in the full 2021 Florida Taxpayer Independence Day briefing here.