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May 4 declared Tax Freedom Day for NY

NEW YORK - May 4th was declared Tax Freedom Day for residents of New York.

Tax Freedom Day is the day when taxpayers have symbolically worked enough to pay off their yearly taxes.  New York is the 48th state in the nation to reach the day, ranking only ahead of Connecticut and New Jersey who will reach the threshold on May 9th.

Tax Freedom Day for the entire nation as a whole was declared on April 21st.