Tax Time

Are your taxes completed? Mine aren't! Relax... we got time. We're waiting on one little bitty paperwork that lists our charitable contributions from last year. Hopefully we get that soon.

-----

I got this email from Dave Ramsey (well, his newsletter anyway) last week and we all like laughing at tax jokes kinda like how we like laughing at Bill Cosby cause you know he's right.

The only difference between a taxman and a taxidermist is that the taxidermist leaves the skin. — Mark Twain

Worried about an IRS audit? Avoid what's called a red flag. That's something the IRS always looks for. For example, say you have some money left in your bank account after paying taxes. That's a red flag. — Jay Leno

America is a land of taxation that was founded to avoid taxation. — Dr. Laurence J. Peter

The income tax has made more liars out of the American people than golf has. — Will Rogers

There's nothing wrong with the younger generation that becoming taxpayers won't cure. — Dan Bennett

Isn't it appropriate that the month of the tax begins with April Fool's Day and ends with cries of "May Day!" — Rob Knauerhase

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. — Ronald Reagan

[The Internal Revenue Code is] about 10 times the size of the Bible and, unlike the Bible, contains no good news. — Don Nickles

I just filled out my income tax forms. Who says you can't get killed by a blank? — Milton Berle

-----

Complete with some fun trivia facts (there was a graph which I didn't care to deal with putting that in here):

Highest rate – 94% (1944 and 1945)
Biggest one-year jump – 52% (from 15% in 1916 to 67% in 1917)
Worst rate-per-income year – 1944–1945 (the tax rate on a $200,000 income was 94%)
Worst stretch – from 1951 to 1963 (91% in 1951, 92% from 1952 to 1953, 91% from 1954 to 1963)
Biggest income-year drop (what you were taxed on; it makes a huge difference!) – 1942 ($5 million to $200,000)

-----

Till next time!