Did you know: In the U.S., the usual April 15 IRS filing deadline has been extended by 3 days this year, thanks to a weekend and a D.C. holiday called Emancipation Day. One of the few breaks you can get from the IRS.
A little trivia about taxes: In the 1730s, all residents paid the same tax. Benjamin Franklin circulated an essay decrying “the inequity of this tax - since a poor widow housekeeper - paid as much as the wealthiest merchant.”
This led to a reform law with a tax that was proportional to the property. Ben’s proportional tax — the greater the wealth, the higher the percentage assessed — resembles the U.S. federal income tax, enacted in 1913, with its progressive rate.
In this world nothing can be said to be certain, except death and taxes.
–Benjamin Franklin
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