From Deseret News archives:
November a fine time for tax day?
Before you answer, remember that Tuesday also is tax day, the final day on which you legally can file state and federal returns without an extension.
Some people have suggested moving tax day to November, to more closely coincide with elections. The feeling is that income taxes are kind of like a bad meal. You feel indigestion for a while and have a sour taste in your mouth, but if you don't actually meet the chef for another seven months, you aren't likely to hold it against him. You might even venture back into the same restaurant again.
Maybe a November tax day even would force politicians to do something about a federal tax code that now fills about 60,000 pages. To visualize that, take your favorite reading assignment from your school days something like "Moby Dick" and stack 60 copies on top of each other. Only instead of winding your way through whale hunts, you'd be trying to untangle exemptions, breaks and deductions a cluster dense and mind-numbing enough to make Ahab turn the harpoon on himself.
The result is a lot of people don't think too deeply about taxes. Nearly two-thirds of them hire someone to do their returns, anyway.
It is sobering, however, to reflect on a question asked in a poll by the Tax Foundation, a nonpartisan group whose stated goal is to educate Americans on tax and fiscal policies. That question is, what is that maximum percentage of one's income you believe should go to taxes?
According to written remarks on the foundation's Web site by President Scott Hodge, Americans say about 15 percent would be enough. The reality, however, is that almost 33 percent of the nation's combined personal income goes to local, state and federal taxes.
Comments
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