Benjamin Franklin once wrote that “in this world nothing can be said to be certain, except death and taxes.”
The Bible tells us that a day is appointed for all of us to die (Hebrews 9:27). But, there is also appointed a day for us all to pay taxes, it seems. For Americans, it’s April 15. But recent circumstances changed that.
In 2018, Tuesday, April 17, was Tax Day since April 15 fell on a Sunday and April 16 is Emancipation Day. Then, two years later, the date was extended by three months to July 15 due to the escalating impact of the COVID-19 pandemic. The federal government had never extended the deadline before then. The Internal Revenue Service announced later that year that there would not be another blanket filing delay.
Even after indicating as late as mid-February this year that the tax deadline would not be extended, the Treasury Department and IRS officially announced that the filing due date would be automatically extended from April 15 to May 17, 2021.
April 15 has served as Tax Day in the United States since 1955, but the IRS can delay the filing deadline when it coincides with a holiday. While the federal government does not observe Emancipation Day, the IRS recognizes it as a legal holiday because it’s observed in Washington, D.C.
Taxes appear to be certain. The date not so much.
Why pay taxes?
We live in a transactional world. For every cause, there is an effect. If we want to have Medicare and Medicaid, a national defense, and other services, there is a cost. And after a year living under a pandemic that affected the national economy for all Americans, we most likely will see a greater effect.
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SOURCE: Denison Forum, Jim Denison