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Tax the annoying

February 12, 2008

That’s the fabulous idea of New York Times writer John Schwartz.

With his tongue firmly in his cheek, Schwartz looks at the treatment of taxes in an election year. In doing so, he offers politicians — whom he calls "a bunch of wussy-heads" (that  description alone is reason enough to keep reading) — some advice:

"If we’re going to get rid of the deficit, pay off the national debt
and rebuild our treasury, we’re going to have to take some truly bold
moves. So here are a few modest (yet, as I said, truly bold) proposals.

"The first element of the plan is simple: make the tax system more complicated."

Schwartz then goes on to suggest some things that can be taxed without the usual political fear of a huge voter revolt. They include obnoxious consumption, spam (electronic, not Hormel’s classic canned meat), junk e-mail from friends and family and emoticons.Smiley_sad2_3

Oh, no! Tax my smiley faces?! 🙁

You can read Schwartz’s complete arguments for what he calls new "taxable vices" here.

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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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