Some Not So Interesting Facts about Tax Time

 

In this world nothing can be said to be certain, except death and taxes.

Benjamin Franklin

ben franklin

 

Every year about this time we have to mentally prepare ourselves for tax season.  For some, a refund is in your future; for others, a chunk of change is doled out to the dreaded IRS.

tax checklist

This got me thinking, when did this yearly chore begin, and why?

 

So I went to IRS.gov and researched a little history about this annual affair.  Maybe with these tidbits of information, April 15th won’t be such a stressful event.

1862

A brief history

The roots of IRS go back to the Civil War when President Lincoln and Congress, in 1862, created the position of commissioner of Internal Revenue and enacted an income tax to pay war expenses. The income tax was repealed 10 years later. Congress revived the income tax in 1894, but the Supreme Court ruled it unconstitutional the following year.

16th amend

16th Amendment

In 1913, Wyoming ratified the 16th Amendment, providing the three-quarter majority of states necessary to amend the Constitution. The 16th Amendment gave Congress the authority to enact an income tax. That same year, the first Form 1040 appeared after Congress levied a 1 percent tax on net personal incomes above $3,000 with a 6 percent surtax on incomes of more than $500,000.

In 1918, during World War I, the top rate of the income tax rose to 77 percent to help finance the war effort. It dropped sharply in the post-war years, down to 24 percent in 1929, and rose again during the Depression. During World War II, Congress introduced payroll withholding and quarterly tax payments.

IRS

Today

The IRS Restructuring and Reform Act of 1998 prompted the most comprehensive reorganization and modernization of IRS in nearly half a century. The IRS reorganized itself to closely resemble the private sector model of organizing around customers with similar needs.

tax prep

Well, there you have it in a nutshell.  Income taxes are still a stress factor in our lives, but to be an upstanding citizen (and not go to jail) we must do our part to participate in this event.  And maybe this was interesting to the history buffs and Tax Preparers’ out there.

With Hugs and Hope

Diane

 

 

 

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February 14, 2018

War is peace. Freedom is slavery. Ignorance is strength.

George Orwell

social media

I’ve been watching social media all day today.  I have seen this story before; 8 times before, to be exact.  But, for some reason, today, this story grabbed me.  Hard.  I went through every headline newsstory regarding these families and their nightmare.  Being a mom, my heart sank.

archery

I have a very strong conviction of my beliefs in the war on gun control.  I even vented on a post today,that probably wasn’t the proper place to vent.  I should keep my mouth shut, until it is time to speak.

we the people

The 2nd Amendment of the Constitution gives us the Right to Bear Arms.   It is my belief that right comes with very high responsibility.

 

Gun safety.

 

Trigger locks and gun safes.

 

Teaching respect of the weapon with family and home.

 

 

I was blessed with knowing  a dear person  for over 20 years.  He was part of the family.  He never married, but had a heart of gold and would do anything for us, and we him.  I remember a time when my babes were actually babes; my husband at the time, talked him down off the mountain.

newspaper

In 2014, I lost that friend.  It was also news worthy.  A rifle was involved.

 

This kid that is responsible for this tragedy lost both of his adopted parents within a year.  He moved in with some family friends.

 

Stopped his therapy.

cactus

I remember when there were health hospitals for the emotionally struggled.  Probably the worst idea the medical science foundation ever had (top ten, anyway);  so the government decides to just trash can the whole idea, and let people that really need care, give them lots of prescriptions and throw them out on the street.

 

Instead of taking that foundation and making it work.

 

I don’t think the issue is gun laws.

 

I think we need to stop pointing fingers and work together to find a solution.

 

With Hugs and Hope

Diane