The Stand Your Ground Law once was a principle in which nearly every American believed.
April 17, 2012
I figured being literary might lessen the blow.
That's right, it is today.
Since Monday is Emancipation Day, a holiday in Washington D.C., and under the tax code, filing deadlines can't fall on Saturdays, Sundays or holidays.
The IRS said it expects to receive more than 144 million individual tax returns this season, with the majority projected to be submitted by the new April 17 deadline.
If you still can't get your taxes completed on time, you can always file for a six-month extension by submitting Form 4868 — something presidential candidate Mitt Romney has already done.
Also, when rushing to meet the tax deadline, be careful how fast you drive to the post office or your accountant — your odds of getting into a car crash jump by 6 percent on tax filing day, according to a study published in the Journal of the American Medical Association and if that prevents you from filing, the IRS, according to other statistics, will not buy it for an excuse.
Now that that’s clear, it’s probably one of the few things that are today.
You can blame Wyoming for that.
It was that state's vote in 1913 that gave the 16th Amendment the three-quarters majority needed to amend the Constitution
and tap into your personal income:
"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived..."
Of course, in those days, the tax code was a bit simpler than it is today.
The 1040 form was a mere four pages long, levied a 1 percent tax on net personal incomes above $3,000, a 6 percent surtax on incomes of more than $500,000, and the entire tax code was written on 400 pages.
Today, the complete tax code, with accompanying regulations, contains over 60,000 pages and is so complicated that even CPA’s don’t understand it.
The only plus is that the IRS might be a little hazy on it too.
You'd think with all this confusion, there would be proposals to change it and there are.
The FairTax would replace all federal taxes on personal and corporate income with a single broad national consumption tax on retail sales.
The flat tax has also been bouncing around for a while and it would simplify things, but there are inequities there too.
Until then, send any and all reform advice to the IRS.
I'm sure they'll appreciate it.