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Revision as of 14:14, 25 July 2026
After all the festivities, laughter, and gift giving for this holidays, giggles and grins quickly meld into groans and glowers as Tax Preparation Season rears its ugly features. From January 15th until April 15th, Americans fuss and fume about our ever increasing income taxes. Nevertheless, in an odd sort of way, some must love the gloom since they will file for an extension, prolonging the agony of the inevitable.
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If the $30,000 yearly person do not contribute to his IRA, he'd upwards with $850 more into his pocket than if he contributed. But, having contributed, he's got $1,000 more in his IRA and $150, instead of $850, in his pocket. So he's got $300 ($150+$1000 less $850) more to his term for having offered.
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