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Happy Flag Day 2013!

June 14, 2013

United States FlagIt's Flag Day. Are you flying the Stars and Stripes?

Americans are natural flag wavers, both figuratively and literally. So the idea of Flag Day was welcomed back in 1885 when Wisconsin teacher Bernard J. Cigrand asked his students to write essays on the U.S. flag and its significance.

The assignment fell on the anniversary of the Continental Congress's vote in 1777 to adopt the Stars and Stripes.

It became an official national holiday in 1949 when President Harry Truman signed legislation designating each June 14 as Flag Day.

After the terrorist attacks of 9-11, U.S. flags became regular fixtures at millions of homes and businesses.

Although the flag-waving ardor has waned a bit in recent years, the Flag Manufacturers Association of
America says that almost $303 million in flags, banners and similar national emblems by U.S. manufacturers were produced in 2012.

At last count, 14 states encourage the purchase of American flags by exempting them, as well as their states' flags, from sales tax.

States that exempt American and state flags from taxation Tax Foundation 2011 data

Some states go even further. Maryland, for example, also makes POW/MIA flags tax free.

And Scott Huler says Flag Day is the perfect time to also think about taxes. Huler explains in his TEDx talk why taxes are patriotic and are, in fact, the very lifeblood of what the flag symbolizes.

I have a very personal connection to Flag Day. It's my late brother's birthday.

As I noted in my very first Flag Day post on the ol' blog back on June 14, 2006, when he was a small child, Ben Allen thought the flags
were put out for him.

We let him keep thinking that.

And in my heart, they are still out there flying for you today, little Bro.

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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. 

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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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