Sunday was not Tax Day because Tax Day never occurs on a weekend. Today is also not Tax Day because it’s Emancipation Day in the District of Columbia, whose government employees get today off.
(Given that Emancipation Day is about emancipating slaves in the District of Columbia, and given that Ripon is the birthplace of the Republican Party, which was founded on ending slavery, you’d think Ripon would have the day off too.)
Emancipation Day has nothing to do with taxes, although as the Troglopundit puts it …
The cheerful website called The Economic Collapse passes on 24 horrifying facts about the disaster area that is the federal tax code, which include:
1 - The U.S. tax code is now 3.8 million words long. If you took all of William Shakespeare’s works and collected them together, the entire collection would only be about 900,000 words long. …
3 - 75 years ago, the instructions for Form 1040 were two pages long. Today, they are 189 pages long. …
6 - Our tax system has become so complicated that it is almost impossible to file your taxes correctly. For example, back in 1998 Money Magazine had 46 different tax professionals complete a tax return for a hypothetical household. All 46 of them came up with a different result.
7 - In 2009, PC World had five of the most popular tax preparation software websites prepare a tax return for a hypothetical household. All five of them came up with a different result. …
10 - When the U.S. government first implemented a personal income tax back in 1913, the vast majority of the population paid a rate of just 1 percent, and the highest marginal tax rate was just 7 percent. …
12 - The United States is the only nation on the planet that tries to tax citizens on what they earn in foreign countries. …
16 - Sadly, as Bill Whittle has shown, you could take every single pennythat every American earns above $250,000 and it would only fund about 38 percent of the federal budget.
17 - The United States has the highest corporate tax rate in the world (35 percent). In Ireland, the corporate tax rate is only 12.5 percent. This is causing thousands of corporations to move operations out of the United States and into other countries. …
23 - The number of traffic accidents spikes each year right around April 15th. The following is from a recent Bloomberg article….
Deaths from traffic accidents around April 15, traditionally the last day to file individual income taxes in the U.S., rose 6 percent on average on each of the last 30 years of tax filing days compared with a day during the week prior and a week later, according to research published in the Journal of the American Medical Association.
24 - Most of the tax debate is focused on income taxes, but the truth is that Americans pay dozens of other taxes every single year. The following are just a few of the taxes that many Americans pay….
#1 Building Permit Taxes
#2 Capital Gains Taxes
#3 Cigarette Taxes
#4 Court Fines (indirect taxes)
#5 Dog License Taxes
#6 Federal Unemployment Taxes
#7 Fishing License Taxes
#8 Food License Taxes
#9 Gasoline Taxes
#10 Gift Taxes
#11 Hunting License Taxes
#12 Inheritance Taxes
#13 Inventory Taxes
#14 IRS Interest Charges (tax on top of tax)
#15 IRS Penalties (tax on top of tax)
#16 Liquor Taxes
#17 Luxury Taxes
#18 Marriage License Taxes
#19 Medicare Taxes
#20 Property Taxes
#21 Recreational Vehicle Taxes
#22 Toll Booth Taxes
#23 Sales Taxes
#24 Self-Employment Taxes
#25 School Taxes
#26 Septic Permit Taxes
#27 Service Charge Taxes
#28 Social Security Taxes
#29 State Unemployment Taxes (SUTA)
#30 Telephone Federal Excise Taxes
#31 Telephone Federal Universal Service Fee Taxes
#32 Telephone Minimum Usage Surcharge Taxes
#33 Telephone State And Local Taxes
#34 Tire Taxes
#35 Toll Bridge Taxes
#36 Toll Tunnel Taxes
#37 Traffic Fines (indirect taxation)
#38 Utility Taxes
#39 Vehicle License Registration Taxes
#40 Vehicle Sales Taxes
#41 Workers Compensation Taxes
When you account for all forms of taxation on the federal, state and local levels there are many Americans that pay out more than half of their incomes in taxes. …
Even with the ridiculous level of taxation in this country and this state, neither is able to spend just what it takes in, of course. The state budget remains in GAAP deficit of nearly $3 billion, and the feds … well, none of us can probably count that high. But what does this all get us?
Millions of Americans work for the federal government, and yet most of them produce very little of real economic value. The following comes from a recent National Review article….
By 2005, the federal government employed 14.6 million people: 1.9 million civil servants, 770,000 postal workers, 1.44 million uniformed service personnel, 7.6 million contractors, and 2.9 million grantees. This amounted to a ratio of five and a half “shadow” government employees for every civil servant on the federal payroll. Since 1999, the government had grown by over 4.5 million employees.
According to that same article, when you add in state and local government workers the numbers are even more dramatic….
According to the U.S. Census Bureau, there are 3.8 million full-time and 1.5 million part-time employees on state payrolls. Local governments add a further 11 million full-time and 3.2 million part-time personnel. This means that state and local governments combined employ 19.5 million Americans.
I figured you wanted to start your week on a happy note.