‘Animal Farm’ tax philosophy

August 30, 2011

Some words of, er, wisdom(?) from Texas Rep. Jeb Hensarling:

"It's always a net positive to let taxpayers keep more of what they earn, but not all tax relief is created equal for the purposes of helping to get the economy moving again."

Or, as Going Concern noted, All Tax Cuts Are Good But Some Are Gooder Than Others.

Remember, Hensarling is the House Republican co-chair of the Joint Select Committee on Deficit Reduction, aka the Super Congress or super committee.

Hensarling and his Senate Democrat counterpart Patty Murray of Washington issued a joint statement last week announcing that they and the other 10 committee members have been holding "serious discussions" about how the committee will work.

Hmmm. I wonder if the bipartisan group also has been having a book club meeting, just to get a handle on possible Orwellian tax policy.

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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.)

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