What the ‘Taxman’ does and doesn’t collect

February 5, 2014

I’m old enough to remember many momentous things, including the storming of America by the British.

No, even though I’m a fan of Sleepy Hollow, I’m not that old.

But I am plenty old enough to remember 50 years ago when the The Beatles arrived in the United States. I was too young to attend a Fab Four concert, but my parents, younger brother and I did watch John, Paul, George and Ringo perform on The Ed Sullivan Show.

And my mom bought me Meet The Beatles! OK, so she listened to it as much as I did, which contributed to the scuffed cover, but officially it was my record.

Yes, that’s my beat up LP cover there. The vinyl disc is safely stored inside.

One thing that has bothered me all these years about this cover is that John’s head is so much bigger.

Another interesting item on the cover is the announcement that it’s “the first album by England’s phenomenal pop combo.” Actually, it was the group’s second LP released in this country.

But the appeal of this record is that 11 of its 12 songs were written by one (or more) of The Beatles, as opposed to just six original songs on their first album.

Beatles everywhere! As the official 50th anniversary of the lads landing in New York City nears — it was Feb. 7, 1964 — millions of us are joyously strolling down nostalgia lane singing their songs.

The Big Apple has been holding special events all this week. David Letterman and Paul Shaffer have been celebrating on The Late Show this week with musical stars covering Beatles tunes. And it seems that almost every program is finding a way to include some 2014 version of Beatlemania.

The ol’ blog is no exception.

While I have many, many favorite Beatles’ songs, during high tax season the tune of choice definitely has to be Taxman.

Yeah, I know it’s obvious. But c’mon. This first track on the Revolver LP is a great song that can’t be ignored as we all struggle with our filing duties.

Plus, it’s thoroughly insinuated itself into our popular culture.

Taxman was used in H&R Block commercials in 2002. It’s in regular rotation between sessions at annual IRS Nationwide Tax Forums. It takes whacks at politicians — British Prime Ministers Harold Wilson and Edward Heath — for their roles in U.K. tax laws.

And Taxman has math. “There’s one for you, nineteen for me,” sings composer George Harrison. “Should five per cent appear too small, be thankful I don’t take it all.”

Taxman can’t touch some things: Taxman popped into my head today when I realized that the Daily Tax Tip looks at what the Internal Revenue Service considers taxable and what escapes its grasp.

The good news is, despite appearances to the contrary, some things aren’t taxed.

Oh sure, beyond the usual income sources of wages and investment earnings, Uncle Sam wants his piece of bartering, prizes, gambling winnings, money in foreign accounts, most canceled debt and even illegally gotten income. Remember Al Capone!

But other things aren’t taxable. The problem here, though, is that many of the nontaxable income is from situations you wish you weren’t in, such as court awarded damages for physical injury and associated emotional distress, disability payments, crime victim fund payments and relief grants following a disaster.

Still, check out all the taxable and nontaxable items and rules. You definitely don’t want the taxman, in song or real life, getting any more of your money than he’s due.

You also might find these items of interest:

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
6 tax moves to consider this June

June 3, 2026

Definitely take a break this June. But taxes don’t take vacations. So, you also should…

Read More
Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments