The Tax Man Cometh…..whether we like it or not the April 15th deadline looms over many Americans as a day to pay their taxes and if you do not pay taxes and you are getting a refund instead it means you are underpaying and therefore the government is earning interest on your money. Either way its lose lose…..
So like many Americans across the country you go to work on your taxes and realize you owe and not only do you owe but your favorite type of mayonnaise is hitting $5.69 a jar and you realize something’s gotta’ give. I actually said to myself we either are going to have to start eating less mayonnaise or stop paying taxes……:) That’s my sense of humor I absolutely believe in being a stand up citizen and following our country’s laws however I have a take issue with the tax laws not protecting the middle class. We just do not catch any breaks at all. Higher gas prices mean higher costs for food, but for many government workers where states have no funds no raise is in the forecast for the fourth or fifth year in a row.
Another big shocker for me was that even if your adult child still lives at home with you and they make over a certain amount every year if they are a not a full-time student they are no longer a dependent and you cannot claim them. I thought as long as they lived at home until I don’t know some magical age I made up in my head; that was not the case so…..a little disappointing.
So at this point I pull out all my tax books, go to all the tax websites and try to find every single honest legitimate break I can for us and hope for the best.
In these times though it does seem for many people their dollars just are not stretching or that it can’t stretch much more. Which is why we are all in pursuit of answers how can we stretch that buck there are a million books and blogs on this very topic…..
I actually did a Twitter search tonight on Taxes and it was unbelievable how many folks are tweeting about their taxes. Some say we should not pay and some are saying Taxes are a relatively new thing and were never in the constitution. In Italy they are asking their citizens to pay taxes I guess their economy is not doing all that great either. Surprisingly no one was complaining about the price of mayonnaise yet on Twitter but I will tomorrow for sure 😉 But somebody did ask Cha Cha “Why is mayonnaise so expensive?”
Another thing that was upsetting to me that is tax related is that I just learned they are no longer allowing educators to deduct the standard $250.00 deduction. Just last year alone I spent $111.00 on Smilebox to run movies for my school but I have made sure that I have been completely unsubscribed for 2012 and I will no longer be able to purchase items since this deduction is no longer in place. I wonder how many other educator’s will be forced to make this same decision.
This month is a very busy one and yes I have my head focused on taxes if you couldn’t tell from this post! Have a great “hump” day folks….Happy Wednesday!
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