Sunday, April 15, 2007

This Day In History

On April 15, 1912, the British luxury liner, Titanic, sank in the Atlantic ocean off Newfoundland, less than three hours after striking an iceberg.

Is it an act of unequalled cynicism that the U.S. Government designated April 15th as income tax day, or am I just paranoid?


Kenneth said...

I'm not sure if it's "unequaled" cycicism, and you probably are paranoid. But remember this: just because you're paranoid doesn't mean they're NOT out to get you.

kathryn said...

From a website (and found on several others):

Ever wonder why April 15 is tax day? Pundits have called the date "appropriate" because April begins with cries of "April Fools!" and ends with people shouting "Mayday!"

It all started in Congress. When the 16th Amendment was ratified, Congress was allowed to institute an income tax. On Feb. 3, 1913 they did just that. They originally chose a filing date of March 1.

Then the Revenue Act of 1918 changed the date to March 15. No reason was given.

The date remained unchanged until 1955. Buried inside the massive change was the new date - April 15. IRS offered the explanation that this allowed them to "spread out the peak workload." But USC law professor Ed McCaffery says the government was seeing more refunds going to members of the middle class, and "pushing the deadline back gives the government more time to hold on to the money." (But don't try holding on to the government's money even an extra day - they'll penalize you!)