I was perusing a LOT of e-mail today because I had a short night and long day, and among the items I found was from this Rasmussen survey:
A new Rasmussen Reports national telephone survey conducted over the past weekend finds that 75% of American Adults have filed their income taxes, while another 13% expect to do so by today’s deadline. Five percent (5%) plan to get an extension.
Since I did the taxes for both Kim and I over the weekend, I think I qualified in that 75 percent category. (Surprisingly, I didn’t get screwed but probably screwed myself by giving an interest-free loan to Uncle Sam.) But what I can’t figure out is the 8 percent who are unaccounted for – are those the people who pay estimated tax? Or, were these the people who don’t earn enough to have to file? Way back when I was in college I had that situation, only filing because I wanted the money from my backup withholding back. It may have only been $50 or $100, but it was my money. Otherwise, if 8 out of 100 aren’t filing, that seems like a whole lot of civil disobedience.
Yet while April 15 is the day of infamy when we pay our tribute to the Internal Revenue Service, the real day we’re relieved from this annual burden falls on April 28. That’s the day those of us working in the Free State since January 1 finally pay our debt to the federal and state governments, according to the Tax Foundation. (Those of you reading across the line in Delaware are relieved a little earlier, this Friday the 18th as a matter of fact. Go out and tip a 16 Mile or Dogfish Head to celebrate.) Meanwhile, the state where Anthony Brown was endorsed to lead doesn’t have Tax Freedom until May 9, so he would feel right at home there in Connecticut.
Naturally, the whole idea of filing a return is one of aligning what the government thinks you should owe (and takes out of your paycheck) with the actual amount due after all the calculations are done. They don’t really mind sending your money back – or adding a little extra to that amount if you qualify for the earned income credit – but heaven help you if you owe them more than a few hundred dollars. They’ll have the audacity to penalize you even more money then! Unfortunately, that doesn’t work both ways, but most people believe they’ve pulled one over on the feds if they get a few thousand dollars back. $5,000 looks great as a lump sum, but if people were smart they’d work it in such a way they get the extra $100 a week. (That’s not always possible, though – again, the government sets the withholding rules and I’m sure they’re not doing it for us to accrue a benefit.)
Many of us live our lives in order to avoid paying taxes one way or another. But wouldn’t be easier if the nation did what several states have already done and decided to live without an income tax? I think the FairTax is a pretty good idea myself and talk about it always peaks this time of year. While nothing can be done about until 2017, why not lay the groundwork for doing something more than talk?