The Random Yak

Rendering Unto Caesar

Filed under: Just Yaks — Random Yak @ 9:59 am on April 13, 2010

As the title suggests…I’m a little preoccupied today.  It originally seemed fitting that I’d pick today to do the taxes – seeing as April 13, 2010 was the originally-scheduled Tax Freedom Day.  But as it happens, certain tax cuts (though not any I noticed impacting my life…) scooted the day up to April 9.

The good news?  You’re no longer working for Uncle Sam.  As of the 9th, you’re earning income for yourself and your family.

The bad news?  He let you keep part of it during the first three months, so you have to keep sending him part of it now.

Off to the salt mines.  I’ll let you know if I find any diamonds – but don’t hold your breath.

Updated:  Work complete!

That doesn’t necessarily mean I’ll have more to say, but at least I’ve got that task done for another year.

2 Comments

  1. Question: does your calculation of Tax Freedom Day include

    1. Lower wages because of employer compliance costs and taxes
    2. Lower ROI because of business compliance costs and taxes
    3. Higher prices to end users because of business compliance costs and taxes?

    If not, then an adjustment (also including FICA, medicare, and any other (including inheritance taxes some may have experienced) taxes and costs imposed by the “feddle gummint”.

    Comment by David — April 13, 2010 @ 1:34 pm

  2. Answer: no. Including Federal spending alone (the “zero deficit” option) takes us to the end of May. At least. The rest of it … well, that puts us in 13th Amendment territory.

    Comment by Random Yak — April 13, 2010 @ 2:43 pm

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