Tax Day
Book Guy
I write it like I mean it, but mostly they just want my money.
Who hasn't done their taxes yet? For some reason I haven't gotten 'round to it. I'm filing the automatic extension request right now...
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8 comments
I think my problem is that I worked in DC for years and have seen first hand how our money is not only wasted, which isn't too bad, but is spent to pursue all kinds of things to which I'm opposed. I'd rather they just flushed the money down the toilet. I'm convinced that if Americans really understood what happens to their money they'd riot. Fortunately I only have to think about it once a year.
I would drink, but that would just mean another $4.14 in federal, state and local excise taxes on each 750ml bottle of distilled spirits, $0.36 per six pack of beer, or $0.40 for a bottle of wine (not counting sales tax).
To top it all off, I heard the IRS doesn't have enough auditors to go after all the people filing phony tax returns and claiming outrageous tax deductions. They need to hire some more to go after most of the outrageous red flags. I suggest complaining to your congressmen. The government estimates the amount of unpaid taxes is about 300 billion dollars. That unpaid money instead gets taxed back against everyone else who does pay. Here's a case where any private business could justify the expense and make money by collecting more than enough revenue. Of course no one likes the IRS anyway.
I did a moving expenses form for the first time, this year. I don't have much of a complicated tax situation, but I watch in horror as my family deals with seven different accountants, property in three states, all of them hurricane-prone zones with extensions or insurance claims, severan different trust funds, CDs, IRAs, 401-ks, Roth IRAs (can't claim them!), etc. etc.
The most annoying part, is that the accountants whom we hire at about $500 apiece know less about tax laws than we do, and we have to proof all their work for math errors and for mistakes in choosing whether something is "maintenance" or "improvement." (New air conditioner, anyone? Is it amortizable? Etc.)
I sometimes think we ought to just go by the Austrian system. On April 1, they all get a statement from the government that says, "We have deducted X amount from your personal checking account as your annual tax levy. You also owe us $10 for this service, plus ...". Eeeeek ... good little Nazis ...
AN, I never worked for the government (thank God) but I did work for a DC-based non-profit. For those of you who don't know what a rip-off such organizations are, here's how it works: they get a government contract, then use a lot of the money to lobby the government to increase the funding for their program so their contract can keep growing. The practice is illegal but there are lots of ways they get around that and it's common practice. They contribute next to nothing of value to the public but they suck up huge amounts of tax dollars, and it's growing every year. Makes little difference whether they are liberal or conservative (althought there are more liberal ones) they both do it. And it's outrageous. Non-profits are a major reason why government spending keeps growing.
Think this sounds farfetched? It's done all the time, it's how nonprofits routinely operate. There are thousands of nonprofits that do exactly this. And if you don't believe it, look at who does all the studies of the highly publicized issues like global warming, welfare, health care issues, etc., that you read about in the paper or hear about on TV every day. Are the studies done by disinterested third parties or by organizations that have a financial stake in the study results? Do you think it's any different for minor issues that nobody but those with a financial interest care about? Welcome to democracy in action, your tax dollars at work.
And happy tax day.