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Monday, April 16, 2018

Greetings Infomaniacs,

In a typical year, April 15 would be the red-letter day for taxes. This year, however, April 15 has been pushed to April 17 because the 15 was a Sunday and today is Emancipation Day. Emancipation Day (April 16) is a legal holiday in D.C. which means the tax deadline is moved to the next day.

Emancipation Day commemorates the signing of the Emancipation Act by President Abraham Lincoln, and coincidentally this year, also commemorates your money's emancipation from your checking account.

Enjoy!

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WHO SAID IT?

QUOTE: "The tax code is a monstrosity and there's only one thing to do with it. Scrap it, kill it, drive a stake through its heart, bury it and hope it never rises again to terrorize the American people."

HINT: This American publishing executive was twice a candidate for the nomination of the Republican Party for President.

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RANDOM TIDBITS

The U.S. didn't institute an income tax until the time of the Civil War, as a temporary measure. It took the Sixteenth Amendment, ratified in 1913, to make it possible for the federal government to tax individuals directly.

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But the story of tax day doesn't end there. In 1954, Congress passed nearly 1,000 pages of revision to the Internal Revenue Code. In it, Tax Day would be moved from March 15 to April 15, giving the taxpayer an extra month to recover from Christmas expenses.

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The federal tax code is now 74,608-page-long. It is 187 times longer than it was a century ago.

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From 2010, when Obamacare was passed, to 2014, the tax code grew by nearly 3,000 more pages.

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Tax deniers (tax defiers or tax protesters) are people who refuses to pay tax on constitutional or legal grounds.

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Tax protesters raise a number of different kinds of arguments, these typically include constitutional arguments, such as claims that the Sixteenth Amendment to the Constitution was not properly ratified or that it is unconstitutional generally, or that being forced to file an income tax return violates the Fifth Amendment privilege against self-incrimination.

These arguments rarely work out for them.




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*** Weekly Mind-Scrambler ***

I sit on a bridge. Some people will look through me while others wonder what I hide.

Submit your answer by clicking: TheDailyTease

Answer will be posted in Friday's Trivia Today. Good Luck! If your name appears in Friday's newsletter, EMAIL MICHELE your complete name and address to be shipped your prize.

Be sure to put "Winner" in the subject line.

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WHO SAID IT?

QUOTE: "The tax code is a monstrosity and there's only one thing to do with it. Scrap it, kill it, drive a stake through its heart, bury it and hope it never rises again to terrorize the American people."

ANSWER: Steve Forbes

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