With April 15th upon us, Americans are once again facing the income tax dragon. Time to don the armor, draw our swords, and battle the beast. Due to calendar peculiarities this year, the deadline is actually the 18th of April, the day that hardly a man is now alive who remembers that famous day and year – well, never mind. Paul Revere is so passé.
A recent survey (not conducted in my head, as are most Joe Zone surveys) showed that over 50% of Americans pay someone to prepare their tax returns. Think about that – this means it costs us money to pay Uncle Sam the taxes we owe. Does the phrase “insult added to injury” come to mind? How many of us would pay someone to recruit a stranger to come to our house and take our money? That, in effect, is what we’re doing.
Ben Franklin, long before there was a federal income tax, said that time is money. How much time do you spend on income taxes? Be sure to include recordkeeping throughout the year, gathering records to prepare our tax return, time spent procrastinating, hours huddled whimpering in the corner in dread… And all that before we fill out the return, or meet with a third party who will do it for us.