June 21 “tax freedom day”, says Patria Finance

June 21 is “tax freedom day” in the Czech Republic, according to the calculations of Patria Finance. The date by which Czech tax payers have theoretically earned enough to fund the country’s annual tax burden was originally expected to be June 17. However, it has fallen four days later due to a downwards revision of expected economic growth. Patria calculated tax freedom day using the methods of America’s Tax Foundation. Prague’s Liberální institute, which uses an OEDC model, says Czechs experienced tax freedom day on June 13.