Tax Day 2012

by Ryan on April 17, 2012

in Economy,Election 2012,Politics,Stupid government

Ben Franklin once said, “In this world nothing can be said to be certain, except death and taxes.”  I hope the former isn’t in your future any time soon, but you’d better get your procrastinating a** to the post office — it’s tax day and the clock’s ticking!

I completed and mailed my taxes the Tuesday after Presidents Day, receiving a refund shortly thereafter.  At the end of the day I still managed to pay a sizable amount of federal income taxes after my refund so I am still part of the 53%.

Next Tax Day things will feel different.  Some are calling it “taxmageddon” — the result of letting the Bush tax cuts expire which will nail millions of Americans who pay federal income taxes with a $3,800 hike per household.  Businesses and the investor class will get crushed mightily, keeping the job situation stagnant.  As we’ve all experienced in the Obama economy, uncertainty is an job killer.

No wonder Election Day is over 6 months from Tax Day.  Elections matter, especially this year.

By the way, how long do the tax rates have to stay put before it’s called the “tax rate” rather than the “Bush tax cuts?”  Just wondering — it’s been nearly 10 years.


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