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Another 10-10 tax tidbit: Agnew resigns

October 10, 2010

Before 10/10/10 completely slips away, I wanted to share an historic tax fact.

On this day 37 years ago — Oct. 10, 1973  — Vice President Spiro Agnew resigned after being charged with federal income tax evasion.

Agnew had been formally charged with having accepted bribes of more than $100,000 while holding office as Baltimore County executive, governor of Maryland, and as U.S. vice president in the Richard Nixon administration.

Agnew was allowed to plead "no contest" to a single charge that he failed to report $29,500 of income he received in 1967.

Part of the plea deal was that he resign his office. In doing so, he became the only U.S. vice president to resign over criminal charges.

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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