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Published Tuesday, October 16, 2012 @ 9:10 AM EDT
Oct 16 2012

I made the Federal income tax electronic filing deadline with three minutes to spare last night (we had an extension), and my experience underscored the lunacy that is our tax code.

I did three returns; one joint filing, and two married filing separately. The tax liability varied from a $5 refund to owing nearly $1,500. All were accurate and all were legal, and, frankly, that's just crazy.

$1,500 may not seem like much (especially to someone who makes $10,000 debate bets on health care), but that's what I spent in prescription drugs last year. Which, incidentally, I could not deduct from my taxes because my total medical expenses didn't exceed 7.5% of my adjusted gross income.

I should start drilling for oil in my basement.

Categories: Photo of the day, Politics, Religion, Taxes


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