The first breath of spring brings with it the stench of the taxman. The approach of April 15th weighs heavy on my mind as soon as the Christmas decorations are packed away.
It's not that I mind paying taxes. I understand that living in this republic bears a price. If the skies above me are clear of bombers, if the roadways are free of potholes, if the FDIC is still operational, I'm happy to contribute to the cause.
The thing that worries me is filling out the forms. I'm never sure if I've done it correctly or not. I agonize over the figures from about mid-January until April 14th when I drop them in the mail. I have mailer's remorse that I've not completed things correctly or left something out. I DO NOT want the IRS taking interest in little ol' me down here in Lower Arkansas. The IRS can make life a living hell for years to come.
I figure I have simple enough tax items that a person of reasonable intelligence (me) could get a 1040 filed with no problem. However, even though I have reasonable intelligence, the people who write the frakking tax laws and 1040 instructions do not have enough intelligence to write them in plain English. Sheesh! I'm pretty sure the IRS subcontracts that task to the lowest bidder in some third world country. I couldn't make the instructions that confusing if I tried. Sheesh again!
This year I spent three days poring over the federal nightmare. When I got to the bottom line I owed money. DAMMIT! That wasn't supposed to happen. I thought I had calculated the right amount of withholding tax from Hubby's paycheck. Nope. We made almost exactly the same amount of money this year as last year, but this year we owe a boatload more taxes. Thanks Shrub. I really appreciate that economic stimulus of more taxes this year. That means I'll be spending less as well as everybody else. Instead of giving us all back a check, why don't you just let us keep our hard-earned money to begin with???
Knowing I had to cut a check to the feds, my tummy started developing an ulcer. Then I opened the booklet for Arkansas State Income Taxes. I read through that pile of #%$@!!!!!ing cow poop for two hours. I'm pretty sure the state of Arkansas subcontracts the writing of this booklet to a group of monkeys on crack. Holy Bejeebus! My ulcer was now full blown with acid gurgling up to my tonsils. I had to take a powder and retire to my bed.
The next day I decided I was going to break down and finally take my taxes to a CPA. I was not going to be in agony for the next two months over this unholy bull crap. Whatever she charges will be well worth my piece of mind and far less than a visit to the gastroenterologist.
Miss CPA Lady was sooo sweet. She is about my mom's age. I told her of my agony and she said, "Lay your burdens down child." I thought I was going to cry it was such a religious moment. I now understand the cleansing elation people feel when they find Jesus and get saved. Miss CPA Lady has indeed saved my soul. I shall be bowing in reverence at her alter each spring from now on. And the tithe she demands is far less than 10% of my total income.
Monday, February 18, 2008
The Taxman Cometh
Tuesday, May 29, 2007
It's the End of the World as We Know It...
-or-
THREE THINGS ABOUT THE YEAR 2012
The History Channel is airing a series called The Universe and tonight was the premier episode, Secrets of the Sun. We couldn't tear ourselves away from the tube. It was fascinating stuff. They were able to make astrophysics accessible to ordinary bubbettes like me who can barely find the Big Dipper most nights. Woo Hoo! I highly recommend this show. I hope the rest of the episodes are just as great.
One of the things I learned is that the sun has an eleven-year cycle of sunspot activity. Sunspots and solar flares occur most when the sun changes its magnetic polarity or plasma rotation or something like that. Solar flares blast radioactive plasma goo out into the universe like a shotgun. If the plasma happens to shoot towards Earth, it toasts our electronics because the radioactivity interrupts the flow of electrons. If the sun shoots a double-ought buckshot load of plasma goo towards earth, people will be toast.
The period during the eleven-year cycle with the most sunspot activity is called the solar maxima, and the last one was in 2001. The next one is predicted for 2012.
I recommend Toast Protector© SPF 4500 sunscreen, or a lead jumpsuit, whichever is most suitable for the conditions.
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Ten years ago I attended an investment brown bag lunch at my local Edward Jones office. The speaker explained the huge financial impact Baby Boomers have on the stock market and the economy as a whole. Basically his advice was to figure out what Baby Boomers are buying, then buy stock in that company. You will quadruple your money.
He also said when Baby Boomers start to reach retirement age, they will begin pulling their money out of the stock market for lower risk investments. The stock market will then go into a 30-year decline the likes of which the U.S. has not seen since the Great Depression. This decline is predicted starting in 2012.
I recommend buying stock in OTC arthritis medications, but sell before Dec. 31, 2011.
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The ancient Mayan calender, which seems to be uncannily accurate, ends soon. Some people interpret this as the date the Mayans calculated to be end of the world because they didn't bother to make a new calender. Others interpret this date as the end of an "age" when the world as we know it is supposed to be "transformed." The last day of the Mayan calender and the specified date for said transformation is Dec. 21, 2012.
I wonder if the Mayans figured out we would be transformed into toast by a killer solar flare? That would consolidate several theories very nicely. I think they just failed to get the new calender to the printers before their whole civilization croaked.
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It seems that something big is gonna happen around 2012. I don't know whether I will be transformed or toasted or transformed into toast. Either way I'm sellin' my stock. The moral of the story is to enjoy the next five years because in 2012 we may all be screwed.
Cue R.E.M. tune:
It's the end of the world as we know it.
It's the end of the world as we know it.
It's the end of the world as we know it and I feel fine.
Wednesday, March 21, 2007
Vernal Equitax Rites of Remittance
March 21, 2007, 00:07 UTC (GMT) is the official Vernal Equinox for this year. Today at every location on Earth the center of the sun spends an equal amount of time above and below the horizon. I’m impressed that someone took the time and effort to figure that out.
The popular notion is the Vernal Equinox notes the day each spring when daylight and darkness are of equal length. However, due to the particulars of scientific measuring, we actually get about 15 minutes more daylight today. There is a long explanation about why this extra 15 minutes of daylight occurs, but it will make your eyes glaze over. Just trust me on that one. The exactly equal daylight/darkness thingy is the Vernal Equilux and happened several days ago.
If you translate the “official” VE time from Greenwich Mean Time to Lower Arkansas Daylight Saving Time, the Vernal Equinox occurred here yesterday at 7:07 p.m. I marked this momentous occasion by working on my taxes. The only thing equal about the day is that I spent an equal number of hours, 10 to be exact, both before and after 7:07 p.m. banging my head on the computer screen.
My tax return should be very, very simple. Why does it end up being so complicated? It should be as easy as:
- Line 1: Enter the total amount of money you made this year.
- Line 2: Multiply Line 1 by 8%
- Line 3: Write a check for the amount on Line 2.
I have seriously considered filing my taxes on plain white 8.5” x 11” paper with just that information plus the note, “In an effort to comply with the Paperwork Reduction Act, this single sheet of paper has been substituted for the friggin’ 16 pages otherwise required.”
When I got down to the bottom line on the 1040, the ominous “Amount You Owe,” the number was working out to be in the $700 range. No! No! No! That can’t be correct!
I had estimated my income and taxes back in June and changed the amount of withholdings so I would get a small refund, not an amount due. I went back and worked through all the data again. Same answer. I did all the calculations on the computer. That didn’t help. My tax estimator model must be all discombobulated. Dang it! I will be writing a check to Uncle Sam this year.
I was hoping to perform a pagan-ish Vernal Equinox tax refund dance of celebration out on the front lawn today. Instead I will be performing the Vernal Equitax Rites of Remittance down to the local PO; certified mail, return receipt requested. Sigh.