This is the last day procrastinators have to file state and federal income tax returns. Karen Connelly, a spokeswoman for the Internal Revenue Service says only about 20% of Colorado taxpayers have to write a check to the government when filing their taxes. The other 80% receive refunds.
The day that many dread is here: It's Tax Day. Of the 143 million federal tax returns filed last year, more than 80 percent qualified for a refund. Steve Inskeep talks to David Wessel, economics editor of The Wall Street Journal, about the economics of tax refunds.
Originally published on Mon April 16, 2012 4:45 pm
He'll trust the U.S. Post Office, not the Web, to handle his tax returns, Matt Peters says.
Credit Alan Greenblatt / NPR
As we've reminded everyone, April 17 (Tuesday) is the deadline for filing federal income tax returns. It's also the deadline for filing income tax returns in most states. Our friend Alan Greenblatt tells about something he finds surprising:
Credit Alfred Eisenstaedt / Time & Life Pictures/Getty Images
Misery loves company. Multitudes are no doubt making the last-minute scramble to finish taxes today. If that's the case for you, perhaps you can take solace in the fact that this tax misery is a long-lived American tradition.
With the deadline for Americans to file their income taxes looming, there's a good chance you've heard or will hear from politicians, on cable news and on talk radio about those who pay little or no taxes.
House Majority Leader Eric Cantor has said that we "have a situation in this country where you're nearing 50 percent of people who don't even pay income taxes." There are even those who say that there are nearly 50 percent of Americans who pay no taxes at all.