Tax day!

[osprey4]

Nobody mentioned this before now?

Anyway, three particularly fun facts about taxes:
1. A Money magazine poll found that 70% of the members of Congress on the two major tax writing committees — House Ways and Means and Senate Finance — cannot figure out their own returns and use professional tax preparers.

2. The first income tax in 1913 required that just 2% of American families complete a tax return. The highest tax rate then was 7%.

3. Businesses will spend about 3.4 billion man-hours and individuals about 1.7 billion hours figuring out their taxes this year. That is the equivalent of 3 million people working full time year-round on tax-preparation work. This is more people than now serve in the U.S. armed forces. It is more man-hours than are required to build every car, van, and truck in the United States.

[no1_vern]

Old news.

Sorry Osprey, didnt you all ready know this info??
Vern

Well I didn't Vern, so thanks for the trivia osprey4

I'll be going to the Post Office tonight

[kenyg]

I went this morning.

I'd really like for income tax to just be abolished - and a flat tax or national sales tax instead

[caddmannq]

Yeah, but then we'd throw all those tax accountants & lawyers out of work, and the nation would fall into a depression!

It is more man-hours than are required to build every car, van, and truck in the United States.

Think, if we put every auto worker out of a job! You'd have nationwide chaos!

We need to wean ourselves slowly back to a reasonable tax code.

I say we abolish one tax law every day untill we only have 10 left.

If we start now, it'd be done by about 2345.

[kenyg]

I hear ya Cadd - but its nice to dream

[Theophylact]

Dunno about you, but it took me 6 hours, start to finish, to assemble the data , calculate the taxes (Federal and DC) using TurboTax, print the returns, sign them, write the checks and mail them.

That's still more than I'd like. But I bet my car took a lot more work-hours to manufacture than that. At least I hope so.

[J-Excel]

I just mailed mine. Man that hurt. I left a company 6 years ago with an outstanding loan on my 401K. They finally caught up with me and I got a 1099 for the balance. In total I was set back over $2000.

[Terminal23]

Death and Taxes are the only sure guarantees in life.

Actually it was Fingers that just left for the post office
( I finally said last night.. "uh do you want me to do your taxes?" )

I e-file and had mine done and in my account by mid Feb. This year was pretty fast, but even a couple years ago when I sold some property etc, twernt too bad. Turbo Tax RAWKS!