The Libertarian Party of Texas is hosting the second annual Tax Freedom Day dinner at Saltgrass Steakhouse. Dinner is $39 for one or $69 for two. Please RSVP here and visit the website to pay in advance for your dinner.
This year, we are inviting our Libertarian candidates for public office. All five of our Gubernatorial Candidates: Jeff Daiell, Steve Nichols, Smitty Smith, Ed Tidwell, and Katherine Youngblood Glass will be invited to speak. This may be your last chance before the state convention to meet our candidates for Governor! Local candidates will also have an opportunity to introduce themselves.
Tax Freedom Day is the first day of the year in which a nation as a whole has theoretically earned enough income to fund its annual tax burden. It is annually calculated in the United States by the Tax Foundation—a Washington, D.C.-based tax research organization. Every dollar that is officially considered income by the government is counted, and every payment to the government that is officially considered a tax is counted. Taxes at all levels of government—local, state and federal—are included.
The concept of Tax Freedom Day was developed in 1948 by Florida businessman Dallas Hostetler, who trademarked the phrase "Tax Freedom Day" and calculated it each year for the next two decades. In 1971, Hostetler retired and transferred the trademark to the Tax Foundation. The Tax Foundation has calculated Tax Freedom Day for the United States ever since, using it as a tool for illustrating the proportion of national income diverted to fund the annual cost of government programs. In 1990, the Tax Foundation began calculating the specific Tax Freedom Day for each individual state.