History of Tax Day

Tax TimeHISTORY OF TAX DAY

Tax Day is the anniversary of the celebration for the elation we feel when we receive a tax refund until we realize it was our own money in the first place and the government has been “borrowing” it from us for the better part of a year and paying us no interest. The holiday is celebrated with the mention of tax credits, exemptions, deductions, write-offs, and dependents… some of which may be the same.

Ancient

Back during the time of Jesus, this season was referred to as “render therefore unto Caesar the things that are Caesar’s.”

Modern

For Tax Accountants, this is called the “busy season” as they put in nights and weekends to finish tax returns. If they’re corporate tax accountants, they do it again in October.

Terminology

Here are some helpful terms as you prepare your tax forms:

  • Extension: get out of jail free pass for not filing by the deadline, but only for a limited time.
  • Coffee: what tax accountants convert into tax returns
  • Starbucks: a place you cannot deduct as a workspace
  • Dependent: not your dog
  • Accrual: the kind of world it is out there

Death and Taxes

At this time, in the middle of April, two things are inevitable: death and taxes. The later though is the gift that keeps on giving.

 

 

Bill Petro, your friendly neighborhood historian
www.billpetro.com

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About billpetro

Bill Petro is a technology sales enablement and marketing executive with extensive experience in IT Service Management, Cloud Computing, SaaS, Virtualization, Automation, Storage, and Social Media.

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