Monday unMotivator 50 – why #April15th is #taxday

Congress passed the 16th Amendment to the Constitution which allows for the implementation of personal income tax on February 3, 1913, and chose March 1 of the following year as the filing deadline. The deadline was changed to March 15 in 1918 and to April 15 in 1955. Moving back the date from the end of the tax year served two purposes — it gave the IRS more time to handle the work and, more importantly, more time to hang on to your money before issuing you a refund.

via http://ask.yahoo.com

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