Lieutenant Island Views : Commentary About Finance, Politics and Baseball
Tax Day Lament (circa 2009) | April 15, 2009
Today is Tax Day all over America. Unlike our current Secretary of the Treasury, more than 65% of all Americans now have professionals prepare their tax returns. With incomes down, few if any capital gains to offset losses and a $3,000 limit to investment losses against non-investment income, tax returns have become less complicated for a lot of people. As I have talked to friends, family and acquaintances ranging from my 89 year old mother (living on a fixed income) to former students in their first year of work, they all have had a similar complaint: the tax preparation cost me as much or more than I saved.
Perhaps Tim Geithner’s do-it-yourself plan was a harbinger of today’s lament!!
In any case, as is almost always true, the Wizard is a source of great wisdomon this subject!
Tax Day Lament (circa 2009)
Tags: Analysis of Financial mess, business, economic, Economic analysis, economics, tax humor, taxes, wizard of id
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