Friday, April 15, 2016

Thanks Again, Abe

You cannot avoid the responsibility of tomorrow
By evading it today. 
- Abraham Lincoln

Perhaps not but every now and again, you can wait until Monday before you have to actually write the check to cover it. Today is one of those instances. 

April 15.  It is traditionally the day in these United States that serves as the deadline for those of us who pay income taxes to send our individual tax returns (and payment) to the Internal Revenue Service.  Today is, typically, the day that the taxman cometh.  Not this year.  This year, it is the 18th of April and not the 15th that serves as the date on which individual tax returns must be filed for residents of forty-eight of the fifty states.  

A little bit of additional tax freedom (or perhaps freedom to hold onto our money for a bit longer) is owed to the fact that Saturday, April 16 is Emancipation Day, which is a holiday celebrated in Washington, D.C., which marks the anniversary of President Lincoln's signing the Compensated Emancipation Act into law, which he did on April 16, 1862.    Even though Emancipation Day is a D.C. holiday - and is not observed as a holiday in any of the fifty states - its presence on the calendar as a legal holiday is enough to trump tax deadline day.  This year it falls on a Saturday and since Americans enjoy nothing more than a three-day holiday weekend, when that occurs the legal holiday is bumped forward one day - to Friday, April 15.  

While I doubt highly that Emancipation Day is responsible for the girth of the Federal Tax Code, it is perhaps worth pointing out that there is a section of the Code (Section 7503) that addresses what happens to Tax Day when it tangles with a Saturday, Sunday, or legal holiday.  It loses

Residents of two states make out better than the rest of us this year.  They need not file their individual income tax returns until Tuesday April 19.  That is because April 18 is Patriots' Day, which is a legal holiday in the Commonwealth of Massachusetts and in the Un-Commonwealth of Maine.  One presumes however that if that psychopathic dickwad from Texas is to somehow get elected to the Presidency of the United States, one of his first official acts as President will be to either make Patriots' Day a holiday in Texas or simply create a new holiday solely for his Longhorn Homies. SuperPatriots' Day perhaps?  

Just do not look for him in Boston on Monday.  Or sitting on a bench anywhere reading a copy of The Boston Globe.  Whether you believe Cruz to the Devil or you are one of those poor, misinformed folks who believe he actually is a reasonable human being, invest a bit of time and read this.  He will not be glad you did but your children and grandchildren, whether real or prospective, will thank you.  

-AK 

  

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