Well, here we are—another Tax Day in America. Actually, Tax Day has been extended to 17 May 2021, so all of you irresponsible loafers have time to procrastinate further.
I have no room to talk: I waited until 11 April 2021 to file my taxes, and apparently filed my 2019 taxes on 11 April 2020. Unlike last year, though, I actually earned back a healthy refund, due in part to reduced lessons and gig income (though I still managed to rake in a respectable figure there, just under $5000, but substantially lower than 2019’s $9000ish). The self-employment taxes kill me, but deducting mileage really helps.
Also, thanks to my younger brother review my tax filing information, I earned back a substantial portion of taxes by including the $6000 I invested in 2020 into a traditional IRA. Unlike last year, where I paid a substantial tax bill, I’m getting back around $1500 from the State of South Carolina and the feds, all of which is going back to the emergency fund, which is need of replenishment after The Age of The Virus.
Still, even though I have reason to celebrate this Tax Day, I dislike handing over all this personal financial information to the federal government. As I noted last year, “I keep a very detailed budget,” which helps when it comes time to calculate those self-employment deductions, but does Uncle Sam really need to know how much I spent on Spooktacular t-shirts? I suppose if I want a few bucks of my money back, he does.
So I repeat my call of the last two years: end the income tax!
With that, here is April 2020’s “TBT: End the Income Tax” (italicized) and April 2019’s “End the Income Tax“:
