“Tax Freedom Day” is the day when the U.S. as a whole has earned enough money to pay off its total tax bill for the year. CCTV’s Phillip Yin interviews Kyle Pomerleau, Economist at the Tax Foundation’s Center for Federal Tax Policy, who helped crunch the numbers to determine the date when this will happen. Pomerleau believes it’s a good way to look at how much U.S. workers spend on taxes.

Kyle Pomerleau on Tax Freedom Day

Kyle Pomerleau is an Economist at the Tax Foundation's Center for Federal Tax Policy. He helped crunch the numbers to determine the date for U-S Tax Freedom Day. He says it's a good way to look at how much U-S workers spend on taxes.