The annual Tax Freedom Day (TFD) marks the day after which domestic taxpayers no longer have to pay for the Austrian treasury. From this point on for the rest of the year, taxpayers can finally keep what they earn and freely dispose of their income.
Over the past decades, the TFD in Austria has continuously moved later in the year, meaning that taxpayers increasingly spend more of their time working for the state than for themselves. As a result, it is important to relieve the burden for everyone. One possible measure would be a reduction in social security contributions. Tax Freedom Day is meant to make all citizens aware of the tax burden in a way that is easy to understand. Only then can we have an honest discussion about what (positive) services the state provides with its citizens’ money and now efficiently it handles this money.