Tuesday, April 17, 2007

Today is Tax Day

Today is Tax Day. Americans must do their yearly duty and pay taxes on the income they are blessed with.

Income taxes were first collected during the civil war, but an Amendment to the Constitution gave Congress the authority to tax our income. The first Tax Day was March 1 when it was much easier to do. It became more complicated and was changed to the March 15, the Ides of March. In 1955, Tax Day was move to April 15. If it falls on a weekend or holiday, it is moved to the following business day.

Some taxpayers contend that April 15 is still too soon even though we have computers to do most of the work. Some say taxes are too complicated. Others blame their procrastination. Thank goodness for extensions.
This year, Tax Day is Tuesday, April 17, 2007. This is due to April 15th falling on a Sunday and Emancipation Day, a legal holiday in the District of Columbia, falling on April 16th.

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