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Tax Day
Well, if yesterday were not a holiday (Good Friday) and today were not the weekend (Saturday) today would be tax day. Instead we have until Monday to pay our annual tax bill.
If you think you’ve got it bad (and you do!) then consider the case of two well-to-do Texans, a husband and wife, who made $735,180 and paid federal income tax of $187,768. That’s a hefty chunk of change (about 25% of their actual income) coming out of their pocket as tax. And who are these two Texans? George W and Laura Bush, as reported by the NY Times.
The IRS is about to allow tax preparers (think H&R Block) to sell tax return data to marketers. Yes, there are some safeguards, like requiring written consent from the taxpayer, but what if they make it part of their requirements for preparing your tax return?
If you think there’s a problem with taxes in our country (and who in their right mind doesn’t!) then please support the Fair Tax and help us abolish the IRS. Americans should not have to keep this many records and waste this much time to pay the tax man.
