Czechs mark Tax Freedom Day
According to the Prague-based Liberal Institute this year’s Tax Freedom Day in the Czech Republic falls on June 13th. Tax Freedom Day is the day in the year when the average Czech has earned enough to pay his annual tax bill. This means that people’s entire earnings in the first 163 days of the year will go to support government expenditures, anything earned after that is theirs alone. The day on which it falls this year reflects the economic crisis, last year it was on June 7th. The OECD average this year is June 11th.